U.S.-Israeli conflict
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worldExxonMobil Output Drops 15% Amid Strait of Hormuz Closure
ExxonMobil reports 15% of output affected by Strait of Hormuz closure amid U.S.-Iran conflict, driving crude oil price expectations to $90 by June end.
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financeOil Surges as Iran Conflict Threatens Global Supply Routes
Crude oil prices hit 19-month highs amid escalating U.S.-Iran conflict, disrupting key shipping lanes and impacting global energy markets.