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Oil Prices Surge Amidst Regional Tensions

Updated 2026-07-29 11:40 UTC 1 source Negative

Oil prices have risen due to an attack on Iran-backed militias in Iraq by the U.S. and Saudi Arabia, increasing concerns about regional stability and energy security.

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MarketWatch

Oil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in Iraq

West Texas Intermediate and Brent crude’s front-month contracts climbed on Wednesday on the risk of more fighting.

2026-07-29 11:32 UTC