Oil prices extended gains Tuesday for a third consecutive day, hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend. The U.S. military struck three Iranian oil tankers on Saturday after Iran launched ballistic missiles at two Navy warships. Brent crude settled at $97.20 a barrel and U.S. West Texas Intermediate at $92.56 per barrel. Goldman Sachs raised its price forecasts by $5, expecting Mideast shipping disruptions to continue into 2027.
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