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Global oil prices climb after tensions
Global oil prices have risen recently due to recent tensions, with the price of a barrel of Brent crude reaching approximately $106.41, and WTI futures hitting $101.97. The increase followed attacks on oil pipelines in Saudi Arabia and the suspension of their flows, as well as the postponement of the Salalah meeting in Oman, which was to include Gulf countries, Iran, and Iraq to discuss navigation arrangements in the Strait of Hormuz.
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