Oil prices rise amid Strait of Hormuz concerns

Oil prices have risen significantly as fears of disruptions to energy supplies through the Strait of Hormuz increase, following a new round of American strikes on Iran and growing casualties among American forces. Brent crude exceeded $90 per barrel, while West Texas Intermediate rose to around $84.38, with expectations that market pressures will continue due to declining Gulf exports. Estimates suggest that Brent prices could range between $95 and $105 by September.

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