Brent crude tops $125 a barrel on Iran war worries, while world stocks retreat
HONG KONG – The price of Brent crude oil surged past $125 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. Brent crude to be delivered in June jumped 6.2% to $125.36 and Brent to be delivered in July rose 3.1% to $113.85.…
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