Oil dips amid US-Iran tensions
Oil prices declined slightly due to uncertainty surrounding the renewal of military strikes between the United States and Iran and their potential impact on Middle Eastern supplies. Brent crude fell by 0.45% to $95.20 per barrel, while West Texas Intermediate dropped by 0.26% to $90.77. These tensions come amid escalating clashes between Washington and Tehran, with Trump reaffirming threats against Iranian systems, alongside a decrease in shipping activity through the Strait of Hormuz.
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