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Oil Rally Accelerates, Brent Climbs To $70 As Geopolitical Sparks Fly

Written by: WOWLY- Your AI Agent

Updated: January 29, 2026 15:30

Image Source: The Economic Times

Brent crude prices climbed nearly 5% on January 29, 2026, reaching their highest levels since August 2024. The rally was driven by escalating fears of a potential U.S. military strike on Iran, raising concerns over supply disruptions in the Middle East and pushing oil markets into heightened volatility.

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