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Oil price surpasses $100 amid US-Israel military shipments
The article discusses the rise in the price of an American barrel of oil by nearly 5%, surpassing $100 for the first time in three months. This increase is attributed to ongoing military escalation and tensions in strategic passages such as the Strait of Hormuz, which has raised concerns among investors about the potential disruption of oil supplies. The article also includes expert analysis linking this increase to uncertainty regarding supply and demand, logistical difficulties, and notes that the escalation extends to impacts on derivative prices and global economic growth.
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