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Oil hits $95.28 per barrel
Oil prices edged down slightly today, Thursday, amid rising concerns over renewed tensions between the United States and Iran and their potential impact on Gulf supplies. Brent crude settled at $95.28 per barrel, while West Texas Intermediate dropped to $90.85. These changes occur amid escalating military conflicts, with the latest exchange of fire—the largest since July—marking a notable escalation. However, initial indications suggest a slight easing of tensions, although they continue to affect oil shipments through the Strait of Hormuz, which saw the fewest number of passing ships in ten days, as Iran persists in escalating measures against vessels transiting the area. Experts predict that if tensions continue to subside, shipment flows may return to levels seen last week, though the situation remains uncertain.
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