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Commodities

Oil Prices Soar Amid Iran-US Tensions

Guavy AI Editorial Team
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Oil
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Escalating tensions between Iran and the US have investors on edge as oil prices surge to over $107 per barrel, pushing Brent crude above a recent low of under $100 last week.

Fears of war in the Middle East are driving up energy costs, with WTI crude also rising to around $95.

Meanwhile, fuel rationing is reportedly being considered by several European countries, including the UK and France.

The FTSE 100 is trading higher at 10,712 points, but futures prices suggest a slight decline in US indices later today.

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