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Oil prices rise amid Israel clashes
Oil prices rose in Asian trading after Iran fired missiles at Israel for the first time since a ceasefire was agreed upon in April. Brent crude increased by 2.6% to $95.50 per barrel, and US-traded crude rose by 2.5% to $92.75. The attacks raised concerns about potential escalation and disruptions to energy flows, especially through the Strait of Hormuz, amid ongoing tensions between Iran, Israel, and the US.
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