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Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz

Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz

Brent crude surged to its highest level in four weeks following the collapse of a US-Iran ceasefire and renewed attacks on commercial shipping in the Gulf.

Business ·14 Jul 2026, 07:35 ·Elena Voss 3 min read