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Commodities

Gulf Tensions Spark Oil Price Surge

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Oil
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Oil prices surged on Thursday as tensions in the Gulf escalated.

The price increase was largely driven by concerns over a potential conflict between Iran and the US, which could disrupt global oil supplies.

The Brent crude price rose to $73.85 per barrel, while the West Texas Intermediate (WTI) price increased to $67.63 per barrel.

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