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Brent crude surged 3.3% to $86.04 a barrel on Tuesday — a four-week high — after President Trump announced a 20% toll on all cargo transiting the Strait of Hormuz and the U.S. reimposed its naval blockade of Iran. The escalation came as Iran's Revolutionary Guard Corps struck two UAE oil tankers with cruise missiles in Omani territorial waters, killing one Indian crew member and wounding eight others. Shipping data shows Hormuz transits have plummeted over 50%...
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