Oil may extend gains as conflict threatens deeper Gulf supply losses 

RIYADH: Oil prices may extend gains when markets reopen on Monday as the US-Israel-Iran conflict enters a third week, with fresh attacks on energy infrastructure and continued disruption in the Strait of Hormuz threatening the largest global oil supply shock in years. Analysts warn crude could remain above $100 per barrel following the latest escalation, raising fears of a prolonged energy shock and a sharp hit to consumers’ real incomes.

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