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Oil prices rose slightly, with Brent crude reaching approximately $76.2 per barrel and West Texas Intermediate around $72.1. Both benchmarks gained about 6% and 5% respectively over the week, amid concerns over potential supply disruptions following heightened tensions between the United States and Iran in the Strait of Hormuz. Worries persist about a halt in vessel movements through the strait, as attacks on tankers and escalating military confrontations have delayed its full reopening, despite market efforts to steady fears of a broader escalation.
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