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News · 23 April 2026

Oil prices rise after US intercepts Iran tankers

Oil prices rise after US intercepts Iran tankers

Unsplash / Zbynek Burival

Ongoing Middle East conflict is causing greater market uncertainty and pushing up oil costs. Most European markets saw falls on Thursday, as Brent crude prices increased after US forces reportedly stopped Iranian oil tankers. Brent crude rose nearly 1.5% to $103.34 per barrel, with Germany's DAX index falling 0.4%.

Reported by CNBC · How we write briefs

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