Brent exceeds 90 dollars on Iran concerns

Oil prices rose above $90 per barrel, reaching approximately $90.87 for Brent crude and West Texas Intermediate, due to escalating tensions surrounding Iran and concerns over a potential reduction in global supplies, especially after attacks on oil tankers and decreased shipping activity through the Strait of Hormuz. The increase comes amid stalled diplomatic efforts between the United States and Iran, along with warnings of ongoing instability in the region that continues to impact global oil markets.

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