Oil Nears $100 a Barrel Amid Rising US-Iran Military Tensions

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Crude oil prices edged closer to $100 per barrel on Wednesday, extending gains for a fourth consecutive session. The surge follows a sharp escalation in hostilities between the United States and Iran. Iran launched missile strikes on US positions after American forces destroyed Iranian oil tankers. The tit-for-tat military exchanges have injected significant uncertainty into global oil markets. Analysts warn that continued volatility is likely as long as the conflict remains unresolved.

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