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Iran oil crisis pushes up borrowing costs worldwide
Fighting in the Middle East has kept oil above $90 a barrel after the Strait of Hormuz, a key shipping route for oil tankers, was shut down.
Fighting in the Middle East has kept oil above $90 a barrel after the Strait of Hormuz, a key shipping route for oil tankers, was shut down.
President Trump said Iran's Kharg Island oil terminal, which handles about 90% of the country's crude oil exports, is being destroyed, but gave no evidence or details, according to Reuters.