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الاقتصادية
Oil prices set for largest monthly rise since March
The oil market experienced significant gains in July, with Brent crude approaching $88 per barrel, marking the largest monthly gain since March amid escalating tensions between the United States and Iran, amidst rising conflicts in the region. The two sides exchanged strikes again, and shipping activity through the Strait of Hormuz increased, while Saudi Arabia announced a new international naval coalition to secure navigation in the Red Sea. Meanwhile, markets are heading toward further volatility due to disruptions in oil supplies in the Middle East and the Black Sea, as tensions related to regional conflicts persist, posing a potential threat of global recession. Markets are also awaiting the results of Chevron and ExxonMobil, which are reflecting increased profitability under current conditions.
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