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    Oil Prices Surge Amid US-Iran Tensions

    1 week ago

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    Oil prices increased by over 3% following renewed military strikes between the US and Iran, raising concerns about energy shipments through the Strait of Hormuz. Brent crude rose to $78.68, while US West Texas Intermediate reached $73.89 per barrel. The conflict has led to a decline in vessel traffic and heightened security concerns in the region.
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