Oil Prices Surge on US-Iran Tensions
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Insights by Echo AI
Oil prices have risen sharply this week, with Brent increasing by 7.1% and WTI by 9.8%, reaching their highest levels since July. The surge comes amid escalating tensions between the United States and Iran, sparking fears of supply disruptions in the Middle East. By Friday, both Brent and WTI were on track for their biggest weekly gains since mid-July.
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