Oil prices climbed as tensions between the U.S., Israel, and Iran escalated, threatening a critical shipping route. The conflict has raised concerns over potential supply disruptions.
- Oil prices increased due to escalating tensions between the U.S., Israel, and Iran.
- Brent crude rose about 2% to over $111 a barrel.
- The conflict has raised concerns about global supply disruptions.
- Energy and defense sectors are likely to be affected by the situation.
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