Oil prices climb on Iraq tensions

Oil prices rose by more than 3%, with Brent crude reaching $87.13 per barrel. This increase is due to escalating tensions in the Middle East following American and Saudi attacks on Iraq and Iran's interception of a U.S. military attack, which led to a decline in U.S. oil stocks. The risks associated with the military escalation between Iran and the United States have doubled, heightening market concerns over global oil supplies.

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