#CNBC Oil pares gains as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping

Oil pares gains as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
Oil prices jumped as high as 4% on Tuesday morning before paring gains as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.

CNBC’s Pippa Stevens has the latest on oil and the long-term impact for natural gas.

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