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Oil Shock: Brent Crude Surges to $117.64 Amid Iran Crisis

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The brief

Global energy markets are facing renewed uncertainty amid the escalating Iran crisis, with crude oil prices witnessing a sharp rise in international trading. According to the report, oil prices jumped by more than 2%, pushing Brent crude to $117.64 per barrel, its highest level in the past six months. The surge has been linked to attacks on tankers and other vessels in the Strait of Hormuz, a strategically important…

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