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Euronews
Euronews
Una Hajdari

Oil jumps on Iran standoff as global stocks rebound on US bond move

US Treasury United States Iran

Oil prices rose on Thursday, holding near their highest levels in weeks, as the deadlocked standoff between the United States and Iran kept supply concerns elevated in the Middle East.

Brent crude, the international benchmark, rose 0.3% to $94.5 a barrel, while US benchmark crude edged up 0.2% to $87.4 a barrel as of 14:00 CET.

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