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Brent Crude, the Global Oil Benchrude, rose to over $90 a barrel despite the International

Energy Agency, announcing it would release 400 million barrels of oil from its reserves.

The Global Forecast's 32 members agreed to release record amounts of oil in a bid to stabilize prices.

The blockade of the Strait of Hormuz has curtailed global oil supply by roughly 20 million barrels a day.

Earlier, the Islamic Revolutionary Guard Corps, the regime's security forces, who declared Hormuz, closed, warned countries to get ready for oil to be $200 a barrel.

The group reportedly struck three commercial

ships along the waterway on Wednesday. Meanwhile, Iran's president said America and Israel

could only end the war if they recognize Iran's rights, guarantee against future aggression

and pay reparations.

Donald Trump, however, insisted that the war will end soon, as there was, quote, practically

nothing left to target, in comments to Axius, a news site.

Separately, the Pentagon said it was investigating a strike on a girls' school in Iran, in which

175 people were killed, following reports that it was targeted as a result of outdated

American intelligence data. Mr. Trump has previously blamed Iran. America's annual inflation

rate was 2.4% in February.

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