Oil prices soar amid new U.S. strikes on Iran

Oil prices jumped after the United States launched new strikes against Iran in response to attacks on commercial vessels in the Strait of Hormuz. This threatened the fragile ceasefire agreement and caused West Texas Intermediate crude futures to rise to $72.46 per barrel, while Brent crude reached $76.18. The developments come amid warnings of escalating tensions and a significant threat level to passing ships.

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