EnergyHighConfirmedAccelerating
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Oil Surges 9% on US-Iran Attacks, Hormuz Reopening Prospects Fade
Valor Econômico·US · IR·3 days ago
Oil prices traded lower on Friday but are set to end the week higher, driven by renewed escalation in the Middle East conflict. The market is weighing supply risk against demand concerns, with Brent at $95.2 per barrel. The development underscores persistent geopolitical risk premium in crude.