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Oil climbs over 5% on Middle East tensions
Oil prices rose by more than 5% as tensions in the Middle East escalated, with the United States contemplating large-scale military operations against Iran in the coming weeks, ahead of the midterm elections scheduled for next month. Brent crude oil increased to $105.36 per barrel, while West Texas Intermediate reached $92.75, with warnings that any escalation could threaten global oil supplies and lead to higher prices.
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