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MARKETS-ECONOMIC TIMES · INDIAN ·

Brent crude oil price nears $100 as attacks on tankers threaten to worsen supply shock

As reported by Markets-Economic Times
Oil prices climbed to a six-week high as US-Iran attacks on commercial vessels disrupted Strait of Hormuz shipping. Falling tanker traffic has heightened fears of a supply shock, with Goldman Sachs warning crude could reach $120 if attacks intensify.
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