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Trump scares the world again! Markets react

The Strait of Hormuz, through which a fifth of the world's energy supplies pass, has become a key flashpoint in the war with Iran

Снимка: БГНЕС/ЕРА

The price of oil has risen again and reached $ 100 per barrel. The reason - negotiations between the US and Iran ended without a new deal, and US President Donald Trump said that he would block Iranian ports, the BBC reported.

The price of Brent crude oil rose by 7.3% - to $ 102.30, and West Texas Intermediate rose by 8.7% - to $ 104.94. The failure of the weekend talks has raised concerns that the global energy crisis will deepen.

Oil prices fell well below $100 last Wednesday after Washington and Tehran agreed to a conditional two-week ceasefire deal that includes opening the key commercial waterway through the Strait of Hormuz.

The Strait of Hormuz, through which a fifth of the world's energy supplies pass, has become a key flashpoint in the war with Iran after Tehran responded to US-Israeli strikes by threatening to attack ships that try to use it.