Iran war nears fifth week with both sides fighting and oil prices surging
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Source: AP News
Published: 2026-04-03 15:51 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Military & Defence, Iran, Energy, Financial Markets, Trade & Sanctions, World News, US Politics, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
The narrow, bending waterway in the Persian Gulf is a key trade route between the Middle East and the rest of the world, with global impact. It links crude oil producers in the Middle East to key markets in Asia, Europe, North America and beyond, with around 20% of the world’s traded crude oil, and a similar share of natural gas passing through it.
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