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Commodities

Middle East Conflict Sparks Oil Price Surge

Guavy AI Editorial Team
Instruments
Oil
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Oil prices surged to their highest level in months due to escalating tensions in the Middle East.

The situation worsened as Iran announced a more aggressive military strategy, adding to concerns about supply chain disruptions.

Brent crude reached $91.76 a barrel, its highest since late July, reflecting increased uncertainty over oil supplies.

The U.S. West Texas Intermediate crude also gained, reaching $85.55, its highest since the end of July.

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