New American Strikes on Iran Drive Global Oil Price Gains
Crude oil prices rose today, Thursday, following the United States' new strikes on sites inside Iran, which heightened market concerns over the stability of energy supplies and the security of navigation in the Strait of Hormuz. Brent crude increased by 1.13%, reaching $78.90 per barrel, while West Texas Intermediate gained 1.14% to $74.36. These developments come amid expectations that inflationary pressures will persist if military tensions between Washington and Tehran continue.
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