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Commodities

Oil Prices Soar Amid Escalating West Asia Conflict

Guavy AI Editorial Team
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Oil
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Global oil prices remain volatile amid ongoing conflict in West Asia, triggering fears of supply disruptions and price hikes. Brent crude has risen over 6% in the past session and is nearing $108 per barrel.

The US-Iran tensions are escalating, with China asking Iran to help control the Houthis' military advances along the Red Sea coast and around the Bab el-Mandeb Strait.

CNG prices have increased in Delhi and neighboring cities, while LPG and PNG prices remain a concern due to uncertainty over supplies. The US President Donald Trump has stated that he is approaching a critical juncture in the Iran war and may restart massive attacks to end the conflict.

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