Oil prices soared after Trump tightens his squeeze on Iran, as Tehran threatens to close one of the world’s most important shipping lanes in retaliation

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Oil prices soared after Trump tightens his squeeze on Iran, as Tehran threatens to close one of the world’s most important shipping lanes in retaliation

Oil prices hit a six-month high after the White House decided not to renew waivers for Iranian crude buyers after they expire in May.
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