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Oil prices expected to rise after US attack on Iran

Strikes stoke fears of escalating regional conflict that could shut down vital strait of Hormuz shipping routeOil prices are expected to rise as the trading week starts, after the US attack on Iran stoked fears of an escalating regional conflict that could shut down the vital strait of Hormuz shipping route.A barrel of Brent crude was selling for about $77 on Friday, having risen by more than 10% since mid-June when Israel’s attack on Iranian nuclear sites prompted missile strikes from Tehran against Tel Aviv. Continue reading...

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