Wednesday, April 22, 2026
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Oil Jumps After US Seizure of Iranian Ship Escalates Conflict

Oil soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz just hours after opening the waterway.

This article was originally published by Bloomberg Markets and is republished here under license.

Oil soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz just hours after opening the waterway.

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