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Oil exceeds $100 amid U.S.-Iran tension
Oil surpasses the $100 mark again after escalating tensions between Iran and the United States in the Strait of Hormuz, where Iran carried out attacks on ships and oil tankers in response to U.S. strikes on Iran. This has led to an increase in the price of Brent crude oil to over $101.60, with forecasts that oil prices may remain high in the coming period, especially given the stalled negotiations to end the ongoing war that has lasted for months and is causing significant impacts on the global market and oil-producing countries. The report links the rise in oil prices to escalating political and security tensions, with expectations that the war might end after the U.S. midterm elections, according to statements by President Trump.
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