Brent crude near $92 amid Iran tensions

Oil prices rose by about 1% following American strikes on Iranian targets and the eighth consecutive week of declining U.S. crude inventories, reflecting ongoing geopolitical tensions in the Gulf region and their impact on the global oil market. Brent futures increased to $92.29 per barrel, while West Texas Intermediate (WTI) crude climbed to $88.97, as markets continue to monitor military incidents and shipping activity through the Strait of Hormuz.

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