3 Hrs
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المشهد العربي
Brent crude nears 100 USD
Oil prices saw a significant rise, with Brent crude surpassing $100 per barrel for the first time since May, amid growing concerns over potential disruptions in Middle Eastern oil supplies and threats to navigation in the Strait of Hormuz. HSBC experts pointed out that tensions between Washington and Tehran and their impact on maritime safety remain the main factors driving price movements, emphasizing the importance of successful diplomatic efforts to restore supply stability. September Brent futures rose by 6.22% to approximately $99.92, while WTI futures increased by 4.77% to $90.97.
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