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Global oil prices rose today, Tuesday, July 14, 2026, increasing by approximately 2% to reach their highest level in four weeks. This surge was driven by market concerns over the impact of geopolitical tensions on energy flows, particularly fears regarding the Strait of Hormuz and potential disruptions in the region. As a result, Brent crude rose to $84.98 per barrel, while West Texas Intermediate reached $79.79 per barrel.
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