Global oil prices rose with Brent crude settling at $95.63 per barrel amid renewed military exchanges between the United States and Iran. Brent futures gained 98 cents, while West Texas Intermediate rose 79 cents to $91.01. Both benchmarks experienced sharp swings during the session, reaching intraday highs not seen since July 24. The increase was driven by concerns over potential disruptions to energy supplies and shipping through the Strait of Hormuz.
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