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Oil climbs following renewed US, Iran strikes in Middle East
Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed loadings, but a recent helicopter crash adds to the complex situation.
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straitstimes.com
Oil prices rise as US, Iran set to halt attacks after flare-up
Brent jumped as much as 1.9 per cent to US$73.39 a barrel, before paring some gains. Read more at straitstimes.com. Read more at straitstimes.com.
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cnbc.com
Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears
Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.
