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Hopes of restarting the Strait of Hormuz fade, oil prices rise by 5%
2026-08-11 03:15:32
According to CoinMeta, as hopes of the resumption of traffic through the Strait of Hormuz faded, oil prices rose by 5%. Due to the ongoing disruptions in the Strait of Hormuz, the increase in oil prices could put pressure on the global energy supply, further exacerbating geopolitical tensions and economic uncertainties.
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Source：Crypto Briefing
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