Oil prices climb past $97
Oil prices rose near their six-week highs following new American strikes on Iran and growing concerns about supply disruptions in the Middle East. Brent futures increased by 1.8% to $97.50 per barrel, while West Texas Intermediate futures gained 1.6% to $92.50, marking their fourth consecutive session of gains. The American raids on Iran resulted in the deaths of 18 people and injuries to 108. Meanwhile, the Strait of Hormuz saw a decrease in the number of passing merchant vessels, reflecting heightened tensions that are pushing oil prices upward.
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