21:14 - 24.07.2026

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July 24, Fineko/abc.az. Global crude oil prices continue their upward trajectory amid the prolonged military escalation involving Iran.

According to Reuters, spot prices for Brent crude reached nearly $110 per barrel.

Energy analysts attribute the sustained rally to mounting supply disruption risks in the Middle East and logistics bottlenecks in the Persian Gulf, which continue to heighten fears of a global supply deficit.