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Oil prices rose by more than two dollars per barrel amid concerns over disruptions to global supplies, stemming from escalating tensions between the United States and Iran. This comes in the wake of American threats to strike Iran and deteriorating talks between the two sides, while reports indicate that shipping activity through the Strait of Hormuz has slowed and US inventory data shows a significant drop in strategic reserves. These developments have heightened market fears of a potential halt in oil flow from the region, leading prices to surpass $90 per barrel.
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