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Traders at the Kuwait stock exchange
The Kuwait stock exchange suspended trade until further notice, citing the ‘exceptional circumstances’ the country was facing. Photograph: Noufal Ibrahim/EPA
The Kuwait stock exchange suspended trade until further notice, citing the ‘exceptional circumstances’ the country was facing. Photograph: Noufal Ibrahim/EPA

Oil price expected to surge after Iran strikes and strait of Hormuz closure

This article is more than 3 months old

Stock markets around the world could tumble on Monday and motorists are likely to pay more at the pump