Oil prices climbed on Thursday after U.S. President Donald Trump threatened to hit Iran with new economic sanctions, as the two countries remained deadlocked over the Strait of Hormuz. Benchmark Brent oil futures rose 2.1% to $93.57 a barrel by 04:43 ET (08:43 GMT), while U.S. West Texas Intermediate crude futures advanced 2.0% to $87.56 ...
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