Oil prices rise amid Iran tensions
Oil prices have risen significantly following U.S. strikes against Iran and the targeting of ships in the Strait of Hormuz, increasing the likelihood of disruptions to oil shipments through this vital passage. Brent crude increased by 2.72% to reach $90.50 per barrel, marking its highest level since June, while West Texas Intermediate climbed by 2.39% to $84.46. This comes amid escalating tensions in the region after the United States reiterated that its actions are aimed at Iran in response to the killing of American soldiers.
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