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Crude Oil Prices Surge Above $107 Amid Hormuz Blockade and Failed Diplomatic Talks

Blocknomi Published 27.04.2026 08:26

TLDR Brent crude surged up to 2.5%, reaching $107.97 per barrel, while WTI approached $97 The strategic Strait of Hormuz continues to be virtually impassable, eliminating approximately 20% of worldwide…

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