WS #13057

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Oil prices spiked 7.8% after Trump threatened Iran; Strait of Hormuz traffic remains subdued; Shell reports near-record profit; BP to cut 700 jobs citing oil oversupply.

Geopolitical Tensions and Oil

Oil prices spiked 7.8% after Trump threatened Iran; Strait of Hormuz traffic remains subdued; Shell reports near-record profit; BP to cut 700 jobs citing oil oversupply.

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