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Brent crude rises above $99 for first time since July 24

  • Brent crude rose above $99 a barrel.
  • July 24 was the previous date Brent last exceeded $99.
  • The United States and Iran exchanged strikes as inflation expectations rose sharply.

Brent crude oil prices rose above $99 a barrel for the first time since July 24 as the United States and Iran exchanged strikes. The move came alongside a sharp rise in inflation expectations, highlighting how geopolitical tensions can quickly affect energy markets and broader price outlooks.

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