Oil rises over 3% following Iran U.S. airbase threat

Oil prices jumped by more than 3 percent after the Iranian Revolutionary Guard announced they had targeted an American airbase in response to a U.S. attack near Bandar Abbas Airport. Brent crude rose to $97.80 per barrel, and West Texas Intermediate reached $91.99, amid escalating tensions between Iran and the United States and continued restrictions on oil supplies.

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