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Oil gains as US-Iran deal uncertainties grow
Oil prices rose this Wednesday morning due to doubts about reaching an agreement between the United States and Iran, in addition to attacks on two ships in the Strait of Hormuz and the Bab el-Mandeb Strait, which heightened fears of supply disruptions in the Middle East. Brent crude oil increased by 0.81%, reaching $89.63 per barrel, while U.S. West Texas Intermediate rose by 0.85% to $83.91, hitting its highest levels since July 31. This comes amid expectations that a disruption of approximately 600,000 barrels per day from Middle Eastern supplies could continue until the end of 2027.
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