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Crude oil surges past $108 per barrel as Gulf disruption fears outweigh diplomatic signals

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Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. — ReutersOil rises on continued Mideast supply disruption fears.Brent up 2.75% at $108.23; WTI up 2.09% at $96.37.Shipping through Strait of Hormuz remains constrained.Oil prices…

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