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00:02Oil prices rose to a one-month high on Tuesday as U.S.-Iran hostilities continued for a third day
00:08and shipping traffic declined in the Strait of Hormuz, according to Al Jazeera.
00:12Brent crude gained as much as 3.8% after climbing 9.6% on Monday.
00:18September futures reached $85.92 per barrel.
00:21U.S. forces struck Iranian targets, while Iran said it attacked two oil tankers
00:26and U.S. military assets in Kuwait and Bahrain.
00:28Trump also announced plans to reimpose a blockade of Iranian ports and charge vessels' transit fees.
00:35Strait transits fell more than 50% from the previous week.
00:38The U.S. Energy Department said military assistance helped move 8.5 million barrels through the waterway on Sunday.
00:45TD Securities said oil could reach $100 if physical shortages become increasingly likely.
00:50For all things money, visit Benzinga.com.
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