00:00Oil prices rose to a six-week high on Wednesday as the U.S. and Iran traded strikes,
00:05further threatening energy shipping in Western Asia while U.S. equities were flat ahead of key
00:10big-tech earnings. Brand growth prices settled up 3.3% to $94 per barrel, reaching levels not
00:17seen since early June. A brief truce between U.S. and Iran ended this month, once again restricting
00:25tanker movement in the Key Strait of Hormuz. U.S. President Trump threatened more attacks on
00:30Iran's infrastructure. Nearly five months of war have depleted global stockpiles and stoked
00:36inflation worldwide. Shipping disruptions could worsen following threats of attack from Yemen's
00:42Iran-aligned hooties on shipping in the Red Sea and other choke points in the Middle East.
00:47Four oil tankers carrying Saudi crew to Asia reversed course in the Bab El-Mandeep Strait
00:52following the Houthi threat. The closure of both Hormuz and Bab El-Mandeep would disrupt
00:58shipping routes for more than a quarter of world's oil and gas. Clearing both of those
01:03lock gems would strain the U.S. military.
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