Oil stable amid US-Iran uncertainty
Oil prices saw little change today as hopes for the end of the US-Israeli war on Iran waned following Hezbollah's rejection of a ceasefire in Lebanon. Brent crude dropped to $95.24 per barrel, while West Texas Intermediate fell to $92.94. Projections indicate that demand will rise to 1.2 million barrels per day by 2027, amid ongoing conflicts and tensions in the Middle East and a decline in Iranian oil exports.
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