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Oil increases as Iran-US war hopes diminish
Oil prices rose today, Tuesday, amid declining prospects of reaching an agreement to end the war in the Middle East and increasing tensions between Iran and the United States. Iran announced a shift in its policy from defense to offense, while the U.S. dismissed the possibility of extending a temporary ceasefire, raising concerns about global energy supplies. Brent crude oil prices increased to $91.14 per barrel, and West Texas Intermediate to $85.04, their highest levels since the end of July, due to escalating tensions and delays in peace talks.
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