EnergyHighPartialAccelerating
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Brent climbs as US-Iran attacks raise escalation risk; range-bound since Aug peak
Al Jazeera·US · IR·3 days ago
Oil prices hit six-week highs with Brent approaching $100/barrel, driven by renewed mutual attacks between the US and Iran in the Middle East. The escalation threatens supply routes, though the exact nature of the attacks and their impact on production remain unclear. This marks a significant risk to global energy markets and inflation.