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Commodities

Dubai Crude Benchmark Hits Three-Month High Amid Middle East Tensions

Guavy AI Editorial Team Published September 1, 2026

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Oil

Oil prices continued to rise as tensions in the Middle East escalated after reports that Iran launched drone strikes against neighboring Gulf states.

The price increase is attributed to renewed regional tensions, which have been a concern for the global oil market.

A key indicator of this trend is the Dubai crude benchmark, which surged to a three-month high on Tuesday amid escalating regional tensions.

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