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Brent Surges Toward $96 as US-Iran Escalation Threatens Hormuz Oil Flows

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The Story

News Summary

  • Brent crude climbed toward $96 a barrel amid escalating US-Iran military strikes in the Middle East.
  • Geopolitical tensions and halved tanker traffic through the Strait of Hormuz sparked supply disruption concerns, keeping prices near monthly highs.
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BRENT price history

104.61 +64.07% over the displayed period

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