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Oil Prices Surge Past $90 Amid Middle East Tensions and Supply Risks
Oil prices have surged past $90 due to escalating Middle East tensions. Brent crude reached $91.04, while WTI crude hit $86.55, raising concerns over supply stability. The Strait of Hormuz remains a critical chokepoint for global oil, with US-Iran relations affecting market dynamics. Meanwhile, Venezuela's efforts to replenish US oil reserves add another layer to the complex supply chain issues.
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"When oil prices rise, wallets get lighter!"
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File ID: #387859Original Source: Times Of India β
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