Oil climbs $3 amid Israel Lebanon strikes

Oil prices rose by more than $3 per barrel after renewed Israeli attacks on Lebanon this morning and increased military escalation in the region, including reports of explosions in Iran, which heightened fears of delaying the resumption of oil shipments through the Strait of Hormuz. Brent crude prices reached $96.24 per barrel, while West Texas Intermediate futures traded at $93.41, amid escalating tensions in regional conflicts that have impacted global energy markets.

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