Brent crude oil surged above $90 a barrel Sunday after escalating US-Iran hostilities threatened shipping through the Strait of Hormuz, a critical global energy chokepoint. The Iranian Navy halted four vessels transiting the waterway, while Iran struck a Kuwaiti oil facility on Saturday. The collapse of a ceasefire and tit-for-tat attacks on military and civilian infrastructure raised prospects for prolonged disruptions to energy supplies from the Persian Gulf.
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