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Commodities

Crude Oil Prices Rise to $106 Amid US-Iran Negotiation Uncertainty

Guavy AI Editorial Team
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Oil
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Crude oil prices have surged to around $106 a barrel due to renewed uncertainty over US-Iran negotiations.

The latest developments have revived focus on the Strait of Hormuz and regional supply risks, which could create concerns about physical supplies.

Market participants are closely monitoring US sanctions, OPEC+ supply, and global demand, as these factors will heavily influence the direction of crude prices.

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