Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening

AsiaOne.com

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NEW YORK - Brent crude futures climbed about 4 per cent on Tuesday (May 26) after the US military carried out strikes in Iran, a setback to hopes over the weekend that the United States and Iran would reach an agreement to end the three-month war that would also re-open shipping through the crucial