Brent crude up 2% to $106.40

Oil prices increased significantly, with Brent crude futures rising by about 2% to reach $106.40 per barrel after the United States rejected Iran's plan to reopen the Strait of Hormuz. This comes amid escalating regional tensions, with increasing Israeli attacks on southern Lebanon and Israeli warplanes targeting villages in the area, along with patrols by Israeli forces near the towns of Hadatha and Talouseh.

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