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Crude Oil Surges as Hormuz Closure Persists While US Strategic Reserves Plunge to Four-Decade Low

Blocknomi Published 12.08.2026 09:11

Key Takeaways Brent crude reached $89.81 while WTI touched $84.08 on Wednesday, continuing a multi-day winning streak Maritime strikes in the Strait of Hormuz and Bab el-Mandeb are stoking concerns…

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