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Oil Prices Reach Highest Level in a Month
Oil prices have risen to their highest levels in a month after the United States reimposed a naval blockade on Iran and escalated attacks in the Strait of Hormuz, heightening concerns over disruptions to global energy supplies. Brent crude increased by 1.8% to reach $84.80 per barrel, while West Texas Intermediate rose by 2.2% to $79.84 per barrel, after previous gains exceeding two dollars. This comes amid U.S. airstrikes against targets inside Iran and escalating tensions in the region.
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