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Oil prices set for sharp monthly rise on Hormuz strikes and US threat to hit Iran

Oil prices set for sharp monthly rise on Hormuz strikes and US threat to hit Iran

Oil prices are poised for a notable monthly increase amid strikes near Hormuz and US threats directed at Iran. These tensions involve key players in the energy sector and regional security. For Dubai and UAE businesses, shifts in oil prices can affect trade flows and broader economic conditions in the Gulf.

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