Oil gains as Iran-Oman talks raise caution
Oil prices rose today, Thursday, to approximately $79.91 per barrel, as investors awaited the outcomes of talks between Iran and Oman regarding the resumption of oil flows through the Strait of Hormuz. Concerns remain about the impact of geopolitical tensions and attacks on oil tankers in the Red Sea and Gulf of Aden. The increase comes amid ongoing caution in the markets, with Brent futures up by 0.58% and West Texas Intermediate futures up by 0.48%.
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