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Brent Tops $85 as U.S.-Iran Tensions Upend Oversupply Narrative

Brent Tops $85 as U.S.-Iran Tensions Upend Oversupply Narrative

Renewed hostilities between the U.S. and Iran pushed Brent crude above $85, challenging recent expectations of an oversupplied market. The shift has revived concerns about tighter supplies and potential shortages.

Original headline

Oil’s Oversupply Narrative Just Died