Crude oil prices increase 3%

Oil prices rose by 3% in July due to escalating tensions in the region, with increasing fears of supply disruptions following U.S. forces carrying out strikes on Iranian targets for the eleventh consecutive night. By 09:35 Moscow time, the September futures contract for West Texas Intermediate reached $85.24 per barrel, up 1.07%, while Brent crude traded at $92.19 per barrel, an increase of 1.30%.

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