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Oil is surging higher today after Iran shoots down U.S. military drone over crude chokepoint Strait of Hormuz

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Oil is surging higher today after Iran shoots down U.S. military drone over crude chokepoint Strait of Hormuz

LONDON — Oil rose by more than 3 per cent to above US$63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
Expectations that the U.S. Federal Reserve could cut interest r…
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