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Oil hits five-month high amid fears of renewed strikes on Iran
Oil prices surged to their highest point in over five months amid concerns about a potential escalation in the Middle East. Brent crude increased by one percent on Friday morning, reaching $114.72 per barrel, its highest level since May. The increase came after Tehran warned it would strike oil installations, undersea cables, data centers, and AI facilities in the Gulf if the U.S. and Israel launched another attack on Iran. Richard Hunter from Interactive Investor said reports that Washington might pursue renewed military strikes after the midterm elections instead of diplomacy were enough to…
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