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كل الاردن
Oil prices climb over Hormuz concerns
Oil prices rose today, Friday, due to fears of escalating tensions in the Strait of Hormuz, where Iran proposed a ban on the passage of hostile ships through the strait and to impose fines on violators. Brent crude futures increased by 1.5% to $83.76 per barrel, after rising about 4% in the previous session. Meanwhile, U.S. West Texas Intermediate crude futures gained 1.2% to $78.27, although they continue to face a weekly decline of 7.5%.
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