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6/23/2025

Crude oil prices surge

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00:00Welcome to World News, your global economic update. Today's headline,

00:08crude oil prices surge, US markets react sharply. Dear viewers, don't forget to subscribe and stay

00:15tuned to World News. As of Sunday, the international benchmark Brent crude oil has risen to $80 per

00:22barrel, a 3.9% increase. Meanwhile, the US benchmark crude has climbed to $77 per barrel,

00:31marking a 4.3% rise. This sharp increase in oil prices has already started affecting financial

00:37markets. The S&P 500 futures have dipped by 0.6%, and US Treasury bond prices have also seen a slight

00:46decline. One of the world's major oil-producing countries, Iran, plays a critical role due

00:52to its location near the Strait of Hormuz, a key passage through which a large portion of global

00:58oil shipments pass. Recently, Iran has reportedly decided to temporarily close access to this crucial

01:05waterway. This strategic decision has triggered high volatility in the oil market, and early signs

01:12of its impact are already visible in the US stock market. Analysts are watching closely, as further

01:18uncertainty may put downward pressure on equities and potentially bring new challenges for global

01:24trade and energy supply chains. Loudspeaker, that's all for today's international oil and market update.

01:31Bell, don't forget to subscribe and stay tuned to World News for more reliable insights.

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