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Oil Prices Climb as Gold Declines Amid Gulf Tensions
Oil prices rose by about 1% today amid escalating military tensions in the Gulf, after Iran launched missiles at Kuwait and Bahrain. The United States responded with airstrikes on Qeshm Island in Iran. Brent crude oil increased to approximately $96.91 per barrel, while West Texas Intermediate reached $94.79. Markets remain attentive to geopolitical tensions and their potential impact on oil supplies.
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