May 11, 2026
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3:04Now PlayingOil prices surged on Monday, 11 May, after the United States and Iran failed to reach an agreement on a Washington-backed peace proposal, while the Strait of Hormuz largely remained shut, raising concerns over tight global energy supplies.
Brent crude futures rose $3.18, or 3.14%, to $104.47 a barrel. Meanwhile, US West Texas Intermediate crude advanced to $99.34 a barrel, following a 0.64% increase in the previous session.
#breakingnews #topnews #us #iran #middleeast #oil #oilprices #hormuzblockade #warzone #middleeastconflict #worldnews #global #mirrornow #mirrornoworiginals
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