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Oil prices rise as Lebanon fighting erupts and Hormuz traffic still slow
Oil prices have begun rising again as an agreement between the United States and Iran hangs in the balance.
Summary
Oil prices have begun rising again as an agreement between the United States and Iran hangs in the balance. Brent crude, the international benchmark, rose 0.65 percent on Friday, after falling as much as 0.9 percent earlier in the day, as traders continued to weigh the practical effect of the US-Iran memorandum of understanding on ending their war and reopening the Strait of Hormuz.
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