Brent Crude Surpasses $109 Amid Tensions

Global oil prices have risen sharply, with Brent surpassing $109 per barrel. This comes amid escalating tensions in the Middle East, the postponement of talks between Iran and Gulf countries, a disruption in the Saudi "East-West" pipeline, and Saudi Arabia's announcement of canceling some oil shipments destined for Europe. Brent futures contracts increased by more than 3.5%, as markets remain concerned about the stability of global oil supplies.

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