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Price of oil has risen by over one percent in the past hour the market is reacting to the worsening situation in the persian gulf brant crude prices climbed 0. 88 to just over 63. 00 u. S. Dollars concerns that irans seizure of a british tanker last week may lead to supply disruptions British Government will discuss countermeasures on monday solution is not yet in science. Corresponded to delaying the end frank oil is up would you call it that but rise dramatically. So while prices are up today as you said its about 2 percent for the day and they also rose on friday about one percent but there is a lot of concern theres a lot of questions about why the reaction hasnt been more dramatic a lot of analysts are a bit surprised that we havent seen a bigger and create. This place where the seizures have been happening where this conflict with iran is happening the strait of hormuz is extremely important for the Global Oil Market where about 20 percent of Oil Shipments come through and so tha

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