62 Days
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سرايا الإخبارية
Oil prices decline as US assesses impact of new attacks on Iran
Oil prices declined on Thursday after rising for four consecutive sessions, amid concerns over escalating tensions due to US strikes targeting Iranian facilities, and Iran’s threat to use its allies to close the Bab el-Mandeb Strait. Brent crude dropped to $84.95 per barrel, while West Texas Intermediate settled at $79.45. The number of ships passing through the Strait of Hormuz decreased to 7 from 13. Analysts expect that Iran may open a new front against the US by shutting down one of the world's most vital energy routes.
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