Oil Prices Rise Amid Middle East Tensions and Ukraine Peace Talk Progress
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Oil Prices Rise Amid Middle East Tensions and Ukraine Peace Talk Progress

Oil prices saw a slight increase, with Brent crude trading above $60 per barrel and WTI also climbing. This rise is attributed to geopolitical tensions in the Middle East, including Saudi operations in Yemen and Iranian President Pezeshkian's comments on a "comprehensive war" with the US, Israel, and Europe, raising concerns about potential supply disruptions. Simultaneously, progress in Ukraine peace talks, following a meeting between US President Trump and Ukrainian President Zelenskyy, also supported oil prices.

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