Oil Prices Jump as Middle East Tensions Build

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

Jun 2, 2026 - 09:30
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Oil Prices Jump as Middle East Tensions Build
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

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