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Brent oil holds near $95 as U.S. actions target Iran shipping threats

The U.S. has carried out strikes against Iran for 11 consecutive days, aiming to reduce risks to commercial shipping in and around Hormuz.

Reported · Written up by our desk · Energy

Brent crude is hovering near $95 as renewed U.S. military action focuses on Iran, with U.S. officials saying the goal is to protect commercial shipping in the Hormuz area. CNBC Markets reports the U.S. has launched strikes against Iran for 11 consecutive days.

According to CNBC Markets, the U.S. is taking these steps to degrade Iran's ability to threaten shipping. The reporting links the continued operations to the current level of Brent crude prices.

CNBC World carries the same core update, citing the same rationale for the strikes and the same near-$95 Brent level. The repeated coverage underscores that investor attention remains on shipping risk in the region.

Latest closeWTI crude $87.52 ▲3.1%|Brent $94.43 ▲3.8%

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