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The Nexus
SECURITYMay 28 · 11:52 UTCSEMAFORTim McDonnell

Oil prices rise on fresh round of Iran-US airstrikes

Oil prices rose following renewed US-Iran airstrikes, escalating tensions over the Strait of Hormuz's transit rules. Despite earlier ceasefire progress, Morgan Stanley warned of worsening global oil market conditions, while stagnant tanker insurance rates indicated unresolved regional security concerns.

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