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Oil gains on US Iran sanctions
Oil prices rose slightly after the United States announced new strikes on Iranian targets. Brent crude increased by 0.55% to reach $91.51, while West Texas Intermediate rose by 0.36% to $84.64. This comes amid escalating regional tensions following Iranian attacks on American facilities in Bahrain and Kuwait, with the U.S. forces responding with strikes on southern and western Iran. This escalation caused oil prices to climb, reaching their highest level in five weeks.
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