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Oil extends gains as supply fears deepen

Oil prices rose sharply on Monday, pushing Brent crude above US$107 a barrel as escalating tensions in the Middle East stoked fears of disruptions to global energy supplies.

  • Oil prices surpass $107 per barrel amid Middle East tensions
  • Saudi pipeline halt and Hormuz attack heighten supply fears
  • Oman delays Iran-Gulf talks, impacting crucial oil route

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