Global oil prices have soared by 14% to nearly $85 per barrel following a sharp escalation in the conflict between the United States and Iran, triggering fresh concerns over disruptions
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Fresh US sanctions have intensified pressure on Iran, with Washington targeting the country’s oil export network and freezing more than $130 million in cryptocurrency assets allegedly linked to Iran’s central
Iraq has renewed its push for a larger oil production quota within OPEC, arguing that years of conflict, sanctions, and the recent Middle East war have significantly damaged its energy