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Commodities

US-Iran Tensions Fuel Oil Price Surge

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Oil
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Oil prices have increased as tensions between the US and Iran escalate in the Middle East.

The resumption of fighting has raised fears of supply disruptions from a key crude-producing region, driving up prices.

Brent crude futures rose by 66 cents or 0.7% to $91.15 per barrel at 06:40 GMT, while US West Texas Intermediate (WTI) crude was up 70 cents or 0.8% to $86.46.

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