Oil Prices Rise Amid Fading US-Iran Peace Hopes
Oil prices have climbed as hopes for peace between the United States and Iran diminish, raising concerns about potential risks to global oil supply. The geopolitical tensions are contributing to market volatility.
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Oil climbs as fading US-Iran peace hopes raise supply risks
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Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight, with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply.
By Abubakar Ibrahim
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