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Oil Prices Extend Rally Amid Escalating Iran Tensions

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarTrade Policy & Supply Chain

Oil prices climbed on Monday, extending last week's rally as the near-shutdown of the Strait of Hormuz kept supply disruption risks elevated. The article points to ongoing geopolitical tensions as the main driver, supporting crude prices and broader energy markets. No specific price level or percentage move was provided.

Analysis

Oil prices climbed on Monday, extending last week's rally as the near-shutdown of the Strait of Hormuz kept supply disruption risks elevated. The article points to ongoing geopolitical tensions as the main driver, supporting crude prices and broader energy markets. No specific price level or percentage move was provided.

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