The Guardian Australia – Business · business

Oil price rises as markets question durability of Middle East ceasefire

2 hours ago

Oil prices rose on Thursday as markets reacted to uncertainty over a fragile Middle East ceasefire. Brent crude climbed more than 2% to $96.77 a barrel amid fears of resuming military action, with US and Iranian officials at odds over the agreement. Asian stock markets fell, signaling growing unease as tensions escalate in the region.

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Summary by Glance · Original reporting by The Guardian Australia – Business

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