Oil Prices Surge Over 3% on Strait of Hormuz Risks, European Markets Hold Steady

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Oil Prices Surge Over 3% on Strait of Hormuz Risks, European Markets Hold Steady

Deep News03-04 21:30

The United States Oil Fund (USO) tracked a more than 3% rise in crude prices, while European equity markets posted modest gains. In contrast, Asian stocks declined as military tensions involving Iran disrupted shipping in the Gulf and fueled inflation concerns.

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