Global Oil Price Hits $100 a Barrel for First Time Since May

Global oil prices have reached $100 a barrel for the first time since May, driven by growing concerns over the expanding war. The conflict, which now spans from the Persian Gulf to the Red Sea, is fueling traders' worries about potential disruptions to oil supplies. As a result, oil prices are experiencing a significant rebound, surpassing the $100 mark. Rising tensions are likely to continue influencing the global oil market.

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