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Commodities

Oil Prices Jump as US-Iran Tensions Escalate

Guavy AI Editorial Team
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Oil
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Oil prices rose on Tuesday as tensions between Iran and the US escalated. The conflict has raised concerns about potential disruptions to energy supplies.

A senior Iranian official said Iran would adopt a fully offensive military posture after efforts to secure a permanent end to the war stalled. Washington ruled out extending the temporary ceasefire agreement.

Brent crude futures rose 62 cents, or 0.7%, to $91.49 a barrel by 0408 GMT, while US West Texas Intermediate crude futures gained 75 cents to $85.25 a barrel.

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