Oil prices rise as Trump seeks coalition to reopen Strait of Hormuz

Oil prices continue to rise as the critical waterway of the Strait of Hormuz remains closed, with Brent crude surpassing $106 a barrel. US President Donald Trump has called on other countries to assist in reopening the strait, but no commitments have been made. The closure, a response to US and Israeli strikes on Iran, has led to a significant disruption in global energy supplies, causing a 40% increase in oil prices since the conflict began.

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