Oil rises after US and Iranian strikes, Israel threatens Tehran

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Oil prices have once again risen, after US strikes on Iran and renewed Israeli threats against Tehran revive concerns about disruption to Middle East supplies, while comments from Russian President Vladimir Putin signalling openness to peace negotiations limit the gains, Reuters reports.

Brent crude futures were up 15 cents, or 0.16 per cent, at $95.78 a barrel by 1700 GMT (10pm PKT), while US West Texas Intermediate crude futures rose 63 cents, or 0.69pc, to $91.64.

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