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Author name: CNBC

Brent oil hits $100 after Iran’s new supreme leader says Strait of Hormuz must remain closed

date Mar 12, 2026

crude futures traded 9.26% higher at $100.50 per barrel by 10:30 a.m. ET. mojtaba is the son of ayatollah Ali Khamenei who was killed by the united states and Israel in the opening strikes of the war.

Source: cnbc.com

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