Brent rises above $108 amid ongoing tensions

“Brent rises above $108 amid ongoing tensions Oil prices edged higher as efforts to resolve tensions between the United States and Iran remained stalled, with Brent crude rising to about $108.68 a barrel. The benchmark has now recorded a seventh consecutive session of gains, reflecting ongoing concerns over supply disruptions. US West Texas Intermediate crude also climbed to around $96.96, extending earlier increases as uncertainty persists around the Strait of Hormuz. Analysts say limited shipments and the lack of diplomatic progress continue to support higher prices.

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