Oil prices fall on US-Iran tensions
Oil prices declined in today's trading, but they are on track to achieve weekly gains of over 6%, following heightened tensions between the United States and Iran. Brent futures fell to $95.29 per barrel, while West Texas Intermediate dropped to $90.76. An increase in fuel prices has led to rising inflation and higher borrowing costs for governments worldwide, fueling fears of a possible global economic slowdown.
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