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Oil surges as Trump warns Iran
The sharp increase in oil prices is a result of U.S. President Donald Trump's threats to retaliate strongly against Iran in response to an attempted surprise attack on American forces in Jordan. Brent crude rose by 7% to reach $89.97 per barrel, while U.S. West Texas Intermediate crude jumped to $84.31. Iran confirmed that it launched multiple ballistic missiles at an American base in Jordan in retaliation for the American actions against its interests.
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