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Oil prices rise as Iran war hits stalemate over Hormuz strait

By Frank Prenesti

Date: Thursday 23 Apr 2026

(Sharecast News) - Oil prices rose again on Thursday as the continuing Iran war stalemate dragged on with no sign of a resolution soon.
The vital Strait of Hormuz is now effectively blockaded by both the US and Iran, with more than 860 vessels stuck either side of the narrow shipping...

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