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Source:
The Fiscal Times
The Fiscal Times
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Oil prices increased following U.S. comments that Iran would face consequences for the deaths of three U.S. service members, with Brent crude rising to over $89 per barrel. The U.S. conducted nine nights of bombing in Iran in response to attacks on oil tankers in the Strait of Hormuz, where tensions have escalated. Meanwhile, Iran's Houthi allies declared a maritime embargo against Saudi Arabia, threatening further disruption of oil supplies.
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