Oil prices surge as Trump vows to block the Strait of Hormuz
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Iran exported around 1.85 million barrels of crude per day through the strait. Meanwhile, Hungarians are eyeing a new economic future as Peter Magyar promises reforms to tackle corruption.
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Iran exported around 1.85 million barrels of crude per day through the strait. Meanwhile, Hungarians are eyeing a new economic future as Peter Magyar promises reforms to tackle corruption.
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