Oil climbs over 4% on transit risks
Oil prices rose by more than 2% amid escalating tensions between the United States and Iran, despite a recent decline in crude oil prices. The prices had previously surged by over 10% due to renewed attacks between the two sides. Additionally, prices of gasoline and diesel continued to increase as a result of these tensions. Sources indicate a move toward reshaping the legislative council to secure a pro-majority, while this was accompanied by Israeli shelling on the Gaza Strip that resulted in martyrs and injuries, amid a rise in violations by the occupation.
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