Oil increases with weekly rise
Oil prices rose significantly at the start of the week amid concerns over potential disruptions in supplies through the Strait of Hormuz. It is expected that oil will approach its second consecutive weekly gain. This comes in the context of ongoing US pressures on Iran, increases in gold prices, and a decline in the dollar, reflecting a state of economic and geopolitical tension. Additionally, the region experienced military escalation, with casualties and injuries resulting from Israeli shelling on the Gaza Strip, amid continued military operations and ongoing tensions.
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