FinanceNewsAPI
Oil price briefly hits $120 after reports of 'extended' Iran blockade - BBC
Overview
Oil briefly surged to about $120 per barrel after reports that Iran had extended a blockade of shipping routes, then eased later in the session. The move highlights how quickly markets respond to Iran-related shipping disruptions and blockade reports. Other recent coverage has shown similar intraday volatility tied to Strait of Hormuz access issues and mixed policy signals about emergency stock releases.
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ORGBBCLOCIran
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