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Oil back at $100 after ships hit in Gulf

Nova Global News

Oil back at $100 after ships hit in Gulf

Oil prices surged back to $100 per barrel following a series of attacks on shipping vessels and infrastructure in the Gulf region. The incidents disrupted key maritime routes, raising concerns about supply stability and triggering immediate reactions in global energy markets. Traders reacted swiftly, driving up futures as fears of reduced output and logistical delays intensified.

The strikes have drawn attention from major oil-producing nations and international observers, with analysts assessing potential long-term impacts on trade flows. While no single entity has claimed responsibility, the escalation underscores growing geopolitical tensions in a critical shipping corridor. Market watchers continue to monitor developments closely, particularly regarding regional security and the resilience of global supply chains.

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