Brent crude exceeds $91 amid tanker detention
Brent crude oil prices exceeded $91 per barrel for the first time since July 31, amid reports of an Emirati oil tanker being seized in the Strait of Hormuz by Iran for violating Iranian transit arrangements. The tanker was stopped near Qeshm Island. The price of Brent futures rose by 2.86% to reach $91.05, while West Texas Intermediate futures increased by 2.99% to $83.90, as regional tensions heightened due to the detention.
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