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Commodities

Brent Crude Oil Tumbles from Highs Amid Middle East Conflict

Guavy AI Editorial Team
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Oil
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Oil prices have been volatile in recent days due to escalating tensions in the Middle East. Brent crude oil has hovered near USD 100/bbl despite dipping from multi-week highs on Friday.

The price surge can be attributed to Houthi attacks on Red Sea tankers, which opened a new front in the ongoing conflict. The US is also considering a 'massive' strike, adding to the uncertainty in the market.

US President Donald Trump and Secretary of War Pete Hegseth have been involved in discussions regarding the potential military action. However, no official announcement has been made yet.

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