Oil climbs amid Iran's stance

Oil prices rose sharply after statements from Iran and Washington confirmed Tehran's determination to reject American pressures, complicating hopes for a solution to the global energy crisis. Brent crude prices increased by more than 4% to exceed $107 per barrel, up from below $100, while U.S. West Texas Intermediate crude climbed to around $96. Iranian President Ebrahim Raisi emphasized that his country will continue to reject American pressures and reaffirmed Iran’s commitment to its nuclear program.

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