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Oil reaches weekly high on Iran news
Oil prices rose by approximately 1% to reach their highest levels in a week, as markets await developments in the war with Iran. Brent crude futures closed at $96.00 per barrel, while West Texas Intermediate (WTI) closed at $93.76. Iran continues to discuss the American proposal to halt the conflict, while tensions are disrupting about one-fifth of global oil flows. The blockade of Iranian ports remains in place, and there has been little progress in opening the Strait of Hormuz.
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