Oil prices up gold down dollar top monthly gain
Oil prices rose modestly amid renewed military tensions between the United States and Iran and exchanges of strikes in the region, raising concerns over potential disruptions to energy supplies through the Strait of Hormuz. Brent crude increased to $72.57 per barrel, while West Texas Intermediate rose to $70.11, amid Saudi Aramco resuming oil loading operations from Ras Tanura after a four-month halt. Meanwhile, gold prices declined as expectations of tighter US monetary policy grew, and the US dollar achieved its largest monthly gains since July of last year.
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