World
Oil surge on Trump blockade warning tests stocks’ resilience
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Crude oil prices jumped to a four-year high after US President Donald Trump suggested that a US naval blockade of the Strait of Hormuz could last for “months”.
Brent crude, the global benchmark, surged as much as 7.3 per cent, surpassing US$126 a barrel, following reports that Trump met oil executives on Tuesday to discuss ways of extending the blockade and…
