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S04 Ep34 Energy Market Update: US-Iran talks stall as Hormuz risks grow

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Brent crude climbed above $111 per barrel as renewed Middle East tensions rattled energy markets. Saudi Arabia and the UAE reported fresh drone strikes, with analysts suspecting Iranian-backed militias operating from Iraq or Yemen. At the same time, US-Iran negotiations remain stalled, while Tehran’s proposed control over Strait of Hormuz shipping routes is unlikely to satisfy Washington or Gulf allies.

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18 May English South Africa Business

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