Crude oil prices increased by nearly 2% as geopolitical tensions surrounding Iran influenced the market. Iranian President Masoud Pezeshkian's comments on Iran's resilience during ongoing negotiations added to the volatility. Brent crude futures rose by $1.84, reaching $101.09, while West Texas Intermediate prices also climbed. The market is closely watching discussions on the potential reopening of the Strait of Hormuz, with mixed signals from Iranian officials adding to the uncertainty. For more details, refer to the original publication.
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