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Oil prices surge on Iran war fears, pushing crude futures to highest level in a month, with Brent Crude at $85.06 a barrel.

Oil surges 12 percent on renewed war fears between the US and Iran, driving Brent crude toward $85 and WTI above $79 per barrel.

OPEC reduces oil demand forecast again, expecting 780,000 barrels per day growth in 2026, a reduction from previous projections.