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Commodities

Oil Prices Soar Past $105 Amid US-Iran Conflict

Guavy AI Editorial Team
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Oil
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Global oil prices have surpassed $105 per barrel as tensions between the US and Iran escalate. The price surge comes as the US has imposed new sanctions on Iran, targeting its energy sector.

The increase in oil prices is a result of the ongoing conflict with Iran, which has been intensified by the recent US sanctions. Oil prices have been volatile over the past few months, but this latest spike marks a significant milestone.

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