E-Paper | October 02, 2026

Oil prices rise on escalation in Middle East

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Oil prices have risen after US strikes on Iran and renewed Israeli threats against Tehran revive concerns about disruptions to Middle East supplies, Reuters reports.

Brent crude futures were up 59 cents, or 0.62 per cent, at $96.22 a barrel by 1327 GMT (6:27pm PKT), while US West Texas Intermediate crude futures rose 78 cents, or 0.86pc, to $91.79.

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