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6.9

Brent extends rally as Middle East conflict disrupts Gulf shipments

Brent crude continues its three-day uptrend, up over 70% this year, driven by Middle East conflict disrupting Persian Gulf shipments. The market remains focused on supply risks from the region and Russia, with uncertainty over the duration and extent of disruptions.

La República1 day agoIR, RU, SA, AE, QA, KWCredibility 32%View source

Score Breakdown

Mosaic Score6.9
Model confidence0.5
Significance0.8
Source credibility0.3

Intelligence Tags

#crude oil#brent#supply disruption#middle east conflict#russia

Locations

Persian GulfStrait of Hormuz

Entities

countrycountrycountrycountrycountrymarket
Source

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