Oil Prices Near Four‑Year High as US‑Iran Tensions Heighten
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Benchmark crude prices rose above $113 a barrel. This price is approaching a record of $116.72. The increase comes as tensions between the US and Iran heighten. Global markets are concerned about a renewed conflict between the two nations.
Benchmark crude rose above $113 a barrel, closing in on the $116.72 record as fears of renewed US‑Iran conflict stir global market concerns.