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Oil prices may exceed $90 soon
Reports anticipate that oil prices, particularly Brent crude which is currently around $87.50 per barrel, may exceed $90 in the coming days due to U.S. sanctions on Iran and Iranian threats of retaliation against Europe. This increase occurs amid the impact of events in the Middle East and Europe on the oil market, adding to global inflationary pressures, especially in the United States, where it could lead to a raise or stabilization of interest rates by the Federal Reserve. Additionally, rising oil prices increase the costs of energy and electricity imports and heighten uncertainty in global financial markets.
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