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Oil prices increase due to Middle East tensions
Oil prices rose today, Tuesday, amid escalating geopolitical tensions in the Middle East, with Brent crude surpassing $97.65 a barrel following mutual attacks between the United States and Iran. Iranian warnings of the potential targeting of energy infrastructure in the region were also issued. Goldman Sachs raised its oil price forecast by five dollars, anticipating that shipping disruptions in the area will continue until late the first quarter of 2027, keeping prices high due to the risk of potential supply disruptions.
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