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Oil climbs for second day amid Middle East supply worries
Oil prices lead gains for the second consecutive session amid ongoing concerns over supply disruptions in the Middle East due to escalating tensions between the United States and Iran. Despite signs of recovery in regional exports, with Saudi and UAE exports reaching their highest levels since February 2026. Brent futures rose by 1.73% to $107.10 per barrel, while West Texas Intermediate traded at $94.14. Expectations remain that prices will stay supported as tensions persist, and the likelihood of a potential agreement between Washington and Tehran continues to influence market stability.
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