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oil supply concerns

Brent crude climbed to $110.08 as Middle East tensions and vessel attacks fuelled supply concerns, while WTI rose to $99 per barrel.

Global crude oil prices jumped over 3% amid escalating tensions in West Asia, with Brent nearing a 52-week high as supply concerns intensify.

Crude oil prices rose nearly 3% as disruptions in the Strait of Hormuz fuelled volatility and raised concerns over global supply and energy costs.