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الدستور
Oil gains as hopes fade for US-Iran ceasefire
Oil prices have risen significantly due to increasing tensions between Washington and Tehran and the failure to reach a ceasefire agreement in the Middle East. Iran announced a shift in its policy from defensive to offensive after efforts to establish a permanent deal faltered, and the United States ruled out extending the temporary ceasefire. This has led to a setback in negotiations to lift the blockade on the Strait of Hormuz, heightening concerns over global energy supplies. The price of Brent crude increased by 0.3% to $91.14 per barrel, while West Texas Intermediate reached $85.04 per barrel—its highest level since July—amid expectations of continued escalation and worsening in oil supply conditions.
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