Brent crude rises slightly to $87.16

Oil prices saw a slight increase following US threats to maintain the naval blockade imposed on Iran, rekindling concerns over global oil supplies. Brent crude rose by 0.1 percent to reach $87.16 per barrel, while US West Texas Intermediate increased to $81.29. This rise came after a previous decline driven by expectations of weak global demand, amidst fears that escalating tensions surrounding the reopening of the Strait of Hormuz could impact oil supplies.

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