Oil prices skyrocket past 0 after US announces Strait of Hormuz blockade; Brent jumps 7%, WTI climbs to 4 – The Times of India

Oil prices skyrocket past $100 after US announces Strait of Hormuz blockade; Brent jumps 7%, WTI climbs to $104 – The Times of India

Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…

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‘Europe financing war against themselves’: India-EU ‘mother of all trade deals’ draws US ire – The Times of India

‘Europe financing war against themselves’: India-EU ‘mother of all trade deals’ draws US ire – The Times of India

US treasury secretary Scott Bessent attacked the India-EU free trade agreement set to be announced on Tuesday, accusing Europe of indirectly funding the Russia-Ukraine war through energy trade routed via India. The pact has been dubbed as “mother of all deal,” by both Indian and European leaders. The senior aide to President Trump said European…

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