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U.S. oil surpasses $100 amid Iran tensions
American oil prices, Brent, reached high levels after West Texas Intermediate surpassed $100 per barrel for the first time since May, due to escalating concerns over energy supply disruptions in the Middle East. This increase is a result of attacks on ships near the Strait of Hormuz and the Houthis' escalation in the Red Sea, which heighten the risk of navigation disruptions and a rise in global oil prices. Experts warned that ongoing conflict and intensified attacks could lead to even higher fuel and commodity prices, amid rising tensions between the United States and Iran.
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