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Brent Tops $85, WTI Breaks $80 After Trump Reblocks Strait of Hormuz

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2026-07-14 01:07:29
U.S. President Donald Trump reblocked the Strait of Hormuz and imposed transit fees on all other goods shipped through the key waterway, according to Ming Pao.

Brent crude rose above $85 a barrel and WTI climbed past $80, with both hitting their highest levels in nearly a month.
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