Oil prices inch closer to $100 again as fresh Gulf attacks cloud US-Iran negotiations
Oil prices rose more than 2 per cent on Wednesday and moved closer to the $100 a barrel mark following fresh attacks in the Middle East, raising supply fears, as a potential deal between the US and Iran remains elusive. Brent, the benchmark for two thirds of the world's oil, was up 2.48 per cent to
AI Translated Summary:
Oil prices are nearing $100 per barrel due to recent attacks in the Gulf, which have heightened concerns over supply disruptions. The ongoing tensions between the US and Iran complicate the situation further.
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