Tag: Energy Markets
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Oil Prices Rise as US-Iran Tensions Escalate and Supply Tightens
Key Developments: Global oil prices rose nearly 1% following fresh U.S. military strikes on Iranian targets and continued concerns over energy supplies. U.S. crude inventories recorded another significant weekly decline, indicating tighter supply conditions. Ongoing tensions involving Iran, the United States, Israel and regional actors continue to create uncertainty in global energy markets. LONDON (Reuters) —…