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Oil’s Calm Is Over as Middle East Risks Return

OilPrice.com
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Renewed U. S. -Iran strikes have revived the Middle East risk premium, lifting Brent above $76 as traffic through the Strait of Hormuz slows and supply disruption fears return.

Friday, July 10, 2026 The return of the Middle Eastern geopolitical risk premium has lifted global oil prices by $4 per barrel this week, with ICE Brent set to settle above $76 per barrel.

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Original source: OilPrice.com

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