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Renewed Middle East Attacks Boost Oil Prices
Military operations in the Middle East resume with renewed attacks after a period of calm, as the United States, Israel, and Gulf countries announced strikes against Iran-backed targets in Iraq in response to Iranian attacks, missile strikes, and targeted oil tankers in the Gulf. These attacks have caused a significant rise in oil prices, with the West Texas Intermediate (WTI) crude reaching around $83 per barrel and Brent crude reaching $88, amid escalating tensions and fears of an escalation of conflicts in the region.
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