Crude Surges Above $80 As US-Iran Flare-Up Rocks Peace Hopes

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Oil prices extended their surge Thursday as Donald Trump said the US ceasefire with Iran was over and ordered fresh strikes against the country following attacks on ships in the Strait of Hormuz.

However, equity markets mostly rose with tech firms seeing a touch of bargain-buying, with Seoul and Tokyo enjoying healthy gains in early trade.

Crude soared Wednesday when the US president — in…

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