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Oil Prices Jump 4 Percent on Export Bans and Troop M

Oil prices jumped over four percent as China suspended fuel product exports and the United States deployed additional military forces to the Middle East. Global energy markets face growing supply constraints amid ongoing geopolitical tensions and tight diesel inventories.

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An automated oil drilling rig operated by ExxonMobil in Midland, Texas, U.S., August 17, 2026. REUTERS/Sheila Dang

Brent Crude Oil jumped 4.37% on Thursday, settling up $4.28 at $102.31 a barrel after United States military deployments and China fuel export curbs stoked shortage fears.
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