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بوابة الوسط
Oil prices fall amid Gulf supply expectations
Oil prices declined today following a sharp surge yesterday. Brent crude fell by 1.06% to $89.78 per barrel, and West Texas Intermediate (WTI) decreased by 0.76% to $83.82. This shift occurred as investors moved their focus from military escalation in the Gulf to monitoring supply flows through vital maritime routes. The decline followed a wave of increases estimated at around 7.9% for Brent and 6.6% for U.S. crude, driven by escalating military tensions in the region. This included US President's threats of a strong response against Iran, after attacks and missile strikes on American bases and aerial operations targeting Iranian targets, fueling concerns over global oil supplies.
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