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Military activities in Strait of Hormuz drive bets on $160 WTI crude oil in April

Military activities in Strait of Hormuz drive bets on $160 WTI crude oil in April

In April, market bets on WTI crude oil reaching $160 per barrel surged due to increased military activities in the Strait of Hormuz. Heightened tensions in the region threaten to disrupt global oil supplies, raising concerns about energy prices and economic stability worldwide. The situation has intensified traders' expectations of significant price increases in the coming weeks.

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