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الحقيقة الدولية
Oil exceeds $100 amid US and Iranian clashes
Oil prices rose significantly following Iran's targeting of commercial ships in the Strait of Hormuz in response to American strikes. The price of a barrel of Brent crude exceeded $101.60, reaching the highest level since July, amid ongoing military and political tensions in the region. This escalation occurs as negotiations between the United States and Iran to end the six-month-long conflict falter. The conflict has centered around control of the Strait of Hormuz, through which about one-fifth of global oil exports pass. Analysts expect that continued escalation could impact the oil market and economic policies of the affected countries in the coming months, especially with tensions likely to increase as the U.S. midterm elections approach in November.
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