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المشهد العربي
Oil prices climb amid Hormuz Strait tensions
Oil prices rose at the end of the week despite a weekly decline of approximately 8%, amid ongoing tensions over the Strait of Hormuz and related tensions over Iran's attempt to impose fees on ships passing through the strait, ranging between 5% and 7%. These moves are part of Iran's efforts to control maritime routes, but they face outright American rejection of such measures, and implementing these fees is difficult due to sanctions, financial obstacles, and insurance issues. Meanwhile, Brent crude prices increased by 1.50%, reaching $83.74 per barrel, and WTI rose by 1.30% to $78.31 per barrel, with expectations of more data that could influence the U.S. markets.
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