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Deutsche Welle Top· World

Oil prices jump as Hormuz, Red Sea crises deepen

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.

Published Thursday, 23 July 2026 at 13:36
Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.

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