00:01Oil prices have surged to more than $120 per barrel, marking one of the fastest increases in years, amid warnings
00:09that prices could reach $150 if disruptions to navigation in the Strait of Hormuz continued.
00:16Within just hours, prices rose by nearly 30% as the war between the United States, Israel, and Iran escalated,
00:25while several oil tankers halted movement through the Strait, a route that carries about one-fifth of the world's oil
00:32supply.
00:35Strikes targeting energy facilities in Iran and the Gulf have also heightened market fears over potential supply shortages, further driving
00:44the sharp rise in prices.
00:48Meanwhile, US President Donald Trump described the surge as temporary, saying oil prices would fall quickly once the Iranian nuclear
00:56threat is eliminated, calling the increase a small price to pay for the security of the United States and the
01:03world.
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