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Oil Prices Rise on Middle East Tensions

Oil prices advanced as US strikes on Iran and renewed Israeli threats heightened fears of Middle East supply disruptions. Gains were partially limited by Russian openness to peace talks.

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FILE PHOTO: Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil rose 15 cents to $95.78 a barrel during Thursday afternoon trading, heading for a fourth consecutive day of gains.