Energy commodity markets are experiencing renewed volatility as international global oil price trends surge upward. Global benchmark Brent crude advanced toward $107 a barrel after a serious flare-up of drone and missile attacks targeting commercial shipping vessels and oil tankers in the crucial Strait of Hormuz. Although the United States military assisted in moving over 19 million barrels of crude through the waterway, the intensifying military friction has prompted massive supertankers to divert from regional transfer hubs, sparking severe energy flow anxieties.
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