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Oil rises on concerns over escalating military tensions in the Middle East

Oil prices surged Friday amid escalating Middle East tensions. Iran’s release of footage showing commandos boarding a cargo ship in the Strait of Hormuz, coupled with reports of engaging hostile targets, has fueled fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could send oil prices to new yearly highs, potentially impacting global inventories.

Source :- Markets-Economic Times Read More

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