Oil rises on Iran supply concerns
Oil prices continue to rise due to concerns over the ongoing deadlock in the war between Israel and America on one side and Iran on the other, threatening to disrupt oil supplies from the Middle East and increase pressure on global market supplies. Brent and West Texas Intermediate crude prices increased today, achieving gains for the fifth consecutive session, amid ongoing regional tensions and uncertainty regarding peace negotiations, as well as tensions between the UAE and Iran and the war's impact on oil supplies and global inventory levels.
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