July 12, 2026, Berlin, Berlin, Germany: Fuel prices are displayed at several gas stations in Berlin, Germany, on Sunday, July 12, 2026, as renewed tensions surrounding the Strait of Hormuz raise concerns over global oil supplies and potential impacts on energy markets. The United States carried out additional military strikes against targets in Iran after Tehran announced the closure of the strategic waterway, through which about one fifth of the worlds seaborne oil trade normally passes. The escalating conflict has heightened uncertainty across global energy markets, with analysts closely mon

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