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Brent crude tops $125 a barrel on Iran war worries, while world stocks retreat

The price of Brent crude oil has surged past $125 a barrel as stalled U.S.-Iran talks raise doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. Brent crude oil to be delivered in June jumped 6.2% to $125.36 early Wednesday. Brent to be delivered in July rose 3.1…