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Oil surges, stocks drop as Trump threatens to block Hormuz

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Score: -0.28Center / Neutral

Oil prices surged back above $100 a barrel and stocks fell Monday as investors awaited a looming US deadline on a blockade of the Strait of Hormuz, ratcheting up fears for Middle East energy supplies.The resurgent geopolitical tensions come after ceasefire talks between Washington and Iran broke down over the weekend, dousing hopes for a lasting end to a war that has threatened economies worldwide.


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