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Oil Prices Dip as US-Iran Tensions Escalate

Guavy AI Editorial Team
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Oil
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Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from the Middle East.

The latest clashes marked the biggest US-Iran exchange of fire since July, with oil easing on tentative signs that the latest flare-up was losing momentum.

Brent crude futures fell 43 cents, or 0.45%, to $95.20 a barrel at 0029 GMT, while US West Texas Intermediate crude futures were down 24 cents, or 0.26%, at $90.77.

US President Donald Trump said on Wednesday that the renewed US campaign against Iran would not continue for 'too long' and that US forces had targeted Iran's radar and missile systems.

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