The US-Iran war triggers the largest "oil supply disruption" in history; analysts warn that oil prices could have "no ceiling."
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International oil prices have undergone a dramatic reversal. The US-Iran conflict has led to the closure of the Strait of Hormuz, triggering the largest oil supply disruption in history, with around 20% of global oil shipments affected. On Monday, international oil prices fluctuated sharply, with WTI crude moving as much