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Oil Prices Soar to $100 Per Barrel Amid Escalating Middle East Tensions

Guavy AI Editorial Team
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Oil
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Oil prices surged to $100 per barrel for the first time since July as tensions between Iran, the US, and its regional allies intensified.

The latest spike came after the US destroyed five Iranian oil tankers in a retaliatory strike, prompting Iran to launch an attack on US forces in Jordan.

Iran claimed it had attacked a Jordanian air base and also targeted two US vessels and eight oil tankers, but these claims have not been independently verified.

The exchange has heightened concerns about the security of regional energy supplies, with Brent crude reaching $100 per barrel for the first time since July due to escalating fighting between Iran, the US, and its allies.

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