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CNBC World NewsJun 05, 2026
Iran's threats against this Red Sea choke point are a big vulnerability for the oil market
Oil prices would spike if Iran's Houthi allies started attacking ships passing through the Bab el-Mandeb Strait.

CNBC World NewsJun 04, 2026
Oil prices fall 3% on report Trump reluctant to restart Iran war
President Donald Trump told aides that he won't resume the war unless U.S. troops are killed, according to The Wall Street Journal.
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