Gulf to Globe: Hormuz closure sends oil past $114

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Oil prices have jumped with US crude surpassing $114 a barrel, after President Donald Trump set a Tuesday deadline for Iran to reopen the Strait of Hormuz or face attacks on its power infrastructure. On Sunday, US crude rose 2.35% to $114.16 per barrel, while Brent crude gained 1.72% to $110.91. Trump, in a social media post laden with explicit language, warned that