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Brent Surpasses $102 as US-Iran Conflict Escalates Near Kharg Island

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The Story

News Summary

  • Brent crude surged past $102 per barrel amid escalating military conflict between the US and Iran, including strikes on Iranian tankers near Kharg Island.
  • With Persian Gulf supplies severely threatened, depleted US strategic reserves, and rising Asian demand, supply deficit risks have increased significantly.
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Stored market data

BRENT price history

101.53 +56.39% over the displayed period

Advisor Snapshot

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