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Oil prices hover around $84 per barrel amid escalating US-Iran tensions
Oil prices rose above $86 a barrel before settling near $84 amid escalating attacks between the U.S. and Iran and disruptions in the Strait of Hormuz supplies. Brent crude declined by 1.52% to reach $83.44, and West Texas Intermediate fell by 1.20% to $78.37, amidst intensified hostilities affecting global oil supplies.
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