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29.07.26 - 17:48
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Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel (Times of India)
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Oil prices surged over seven percent on Wednesday amid renewed Middle East military actions. This rally was also supported by industry data showing a drawdown in US crude inventories. Renewed strikes involving the United States and Iran-backed groups reignited supply concerns. Disruptions continued to affect shipping through the Strait of Hormuz and Bab el-Mandeb. Analysts expect oil prices to remain volatile in the near term due to ongoing conflict....
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29.07.26 - 13:30
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US, Iran Resume Attacks In Middle East (AFX)
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JERUSALEM (dpa-AFX) - With Saudi forces for the first time joining their American counterparts in attacking Iranian-linked targets in Iraq, and Iran carrying out a 'surprise attack' at U.S. forces......
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29.07.26 - 04:12
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Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears (Times of India)
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Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fears of attacks. Expectations of OPEC+ pausing production increases also lent support to prices....
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28.07.26 - 08:00
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CATL, BYD battle for supremacy in Middle East energy-storage market (SCMP)
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Competition among Chinese energy-storage firms is intensifying in the Middle East, as a massive deal that was expected to go to global electric vehicle (EV) battery king Contemporary Amperex Technology Ltd (CATL) was ultimately won by BYD and Sungrow Power Supply.
Shenzhen-headquartered BYD, which makes EVs and batteries, announced early this month that it would provide 11.275 gigawatt-hours (GWh) of energy storage to Round-The-Clock (RTC), a solar project being built by United Arab Emirates......
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