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Brent holds above $100 as tanker attacks dampen hopes for Hormuz traffic recovery

Source: The Globe and Mail

Energy Markets & PricesGeopolitics & WarTransportation & Logistics

Oil prices extended gains after Brent crude surpassed US$100 per barrel in the prior session. Traders are pricing in potentially deeper supply disruptions after Iran and the United States conducted their largest attacks on shipping since their six-month conflict began, raising risks for global energy flows and freight routes.

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