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الدستور
Oil increases for second day on Middle East fears
Oil prices rose for the second consecutive day amid concerns over potential disruptions to Middle Eastern supplies due to the US-Iran conflict. However, there are signs of a recovery in the region's exports, reaching 12.8 million barrels per day in September, thanks to increased shipments from Saudi Arabia and the UAE. The market is avoiding sustained rises above $110 per barrel due to hope for an agreement to de-escalate tensions, while the disruption of the Strait of Hormuz remains a major concern.
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