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The Economic Times
The Economic Times

Oil prices rise slightly after US announces new round of strikes on Iran

Iran United States Oil Kuwait

Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones.

Brent crude futures rose 0.55%, or 50 cents, to $91.51 after markets opened on Wednesday, while U.S. ‌West Texas ⁠Intermediate crude ⁠climbed 0.36%, or 30 cents, to $84.64 in low volume trading.

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