America and Iran clash reignites tensions
Oil prices have declined amid hopes of reaching an agreement between the United States and Iran, as the market awaits the outcomes of the two sides' discussions. However, oil prices continue to rise due to escalating tensions between Washington and Tehran, with Iran announcing increased control over the Strait of Hormuz and military movements in the region. The escalation has resulted in the death of six people and injuries to others in Israeli airstrikes on Gaza, amidst ongoing armed clashes.
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