Oil prices sustain months-long highs on fears of US involvement in Israel-Iran war
Update: 2025-06-18
Description
Crude oil markets continued to hover around the $75 a barrel mark this Wednesday, sustained by fears that the US could get directly involved in the conflict between Israel and Iran. The possibility that Iran could seek to close the Strait of Hormuz, through which about 20 percent of the world's crude production transits, is also a source of concern. Also in this edition: French authorities recall Citroen cars equipped with defective airbags after the death of a woman in a car accident on Saturday.
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