Oil up over disagreement about US-Iran ceasefire | Finance Report | ABC NEWS

Worries about energy price shocks are back on investors' minds with the price of oil surging once again — after Iran said the Strait of Hormuz will remain closed, a move which threatens to cut off up to 20 per cent of the world's supply of oil and gas.
Meanwhile, the US-Iran ceasefire is at risk of collapse after a disagreement about what both sides actually agreed to, as finance presenter David Chau explains.
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