Oil prices rise to six-week high as US-Iran tensions escalate

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Oil prices reached their highest in over six weeks on Thursday. This surge occurred as the United States launched new strikes on Iran. Yemen’s Houthis also targeted oil tankers in the Red Sea. Iran’s Revolutionary Guards claimed control of the Strait of Hormuz. US crude stocks saw an unexpected increase last week.

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Oil prices rise to six-week high as US-Iran tensions escalate

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