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Oil rises as Bessent says Iranian airlines face shutdown from Wednesday

Oil prices rose Tuesday as Brent crude gained 1.2% to $101.54 a barrel and U.S. WTI climbed 0.77% to $96.55, amid growing Iran-U.S. tensions after Treasury Secretary Scott Bessent told CNBC all Iranian airlines will be shut down from Wednesday by denying fuel, landing services and ticket sales or fa