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Oil Prices Rise , Asia Stocks Drift Amid US - Iran Stalemate

Middle East 2 sources 2 countries 🔦 Under-reported 56m ago

Oil prices climbed while Asian stock markets drifted, driven by an ongoing stalemate between the United States and Iran. Brent crude futures advanced to reach US$88 per barrel, and US crude futures increased to US$82.45 per barrel.

The latest pricing figures represent the highest levels recorded for both benchmarks since July 31. These gains follow a significant market rally of approximately 5 per cent on Monday, reflecting heightened tension and uncertainty in the energy sector.

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