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https://en.infomaxai.com/news/articleView.html?idxno=114753

Dubai crude oil prices surged to a record $166 per barrel amid the Strait of Hormuz blockade, with experts warning that WTI and Brent crude could follow suit as the Iran war disrupts 20% of global oil supply, creating severe market distortions and raising concerns about prolonged supply constraints in the Gulf region.