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Oil prices rise as Middle East shipping attacks persist

Original: Oil rises as Middle East supply concerns persist amid shipping attacks

Oil prices climbed as ongoing attacks on shipping in the Middle East kept supply concerns alive in energy markets. Traders remain wary that disruptions to key maritime routes could tighten crude flows, and markets are watching closely for any escalation that could further threaten production and transport of oil from the region.

Why now: Shipping attacks in the Middle East are renewing fears of supply disruption, moving oil prices.

Middle Eastoil marketshipping industry

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Evidence

• Oil rises as Middle East supply concerns persist amid shipping attacks · Reuters

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