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Oil stays above $95 as crisis fears ease
Oil prices have been on the rise following escalating tensions between Washington and Tehran, with Brent crude surpassing $95 per barrel. Despite Iran's response by launching drones and missiles at U.S. bases in the region, oil flows through the Strait of Hormuz continue. President Donald Trump confirmed that any attacks on Iran would be short-lived, while U.S. officials indicated that shipments are still being delivered. As the market observes these developments, both sides are trying to avoid prolonged escalation, with oil shipments across the Gulf remaining steady and U.S. inventories climbing.
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