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Iran Again Attacked Gulf Countries. Oil Is Climbing Further.
Brent crude climbed 57 cents to $96.20 a barrel as missiles and drones hit Gulf targets and Kuwait intercepted incoming attacks.
- Brent crude prices climbed above $96 per barrel on Thursday as Iran launched drone and missile attacks against Gulf allies, with oil prices gaining more than 7% this week.
- Kuwait's armed forces reported facing 'ongoing Iranian aggression' on Thursday as air defenses intercepted missiles and drones; Tehran also launched dozens of drones at Bahrain.
- Energy Secretary Chris Wright reported that 17 million barrels of oil transited the Strait and Hormuz on Wednesday, while the IRGC threatened to 'tighten the lock' on the vital shipping channel.
- President Donald Trump indicated Wednesday that he does not expect the current round of hostilities to escalate, claiming U.S. strikes were 'in retaliation for the Iranians' failed attempt at adding sea mines.'
- Washington seeks to degrade Tehran's ability to attack ships transiting the Strait and Hormuz, where about 20 million barrels per day passed before the war began.
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The price of the Brent oil barrel for delivery in November rose this Friday by 0.80%, to reach 96.28 dollars at the close of the session in the futures market of London
The price of Brent oil from the North Sea, for delivery in November, rose by 0.80%, to 96.28 dollars per barrel.
·Mexico City, Mexico
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Escalation in the war between the US and Iran has pushed Brent crude oil prices above $95 per...
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Total News Sources14
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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