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Commodities

Iran-Persian Gulf Tensions Drive Oil Prices to Four-Session High

Guavy AI Editorial Team
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Oil
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Oil prices have continued their upward trajectory for the fourth straight session.

Brent crude futures rose $1.57, or 1.6 percent, to $99.49 a barrel as of 00:01 GMT, while US West Texas Intermediate (WTI) crude went up $1.60, or 1.72 percent, to $94.63 a barrel.

The gains came after Iran launched new attacks on US military assets in the Persian Gulf.

Brent crude prices have jumped by a quarter since early August as hopes for a permanent resolution to the six-month-old war faded and fighting flared again.

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