Oil rises over 6% on Trump's Iran warning
Oil prices rose by more than 6% after U.S. President Donald Trump threatened Iran with a strong response to an attempt to carry out a surprise attack by Iranian forces. The Iranian Revolutionary Guard launched ballistic missiles at U.S. forces in the Middle East, while American and Saudi forces responded with raids on logistical and weapon sites in Iraq, due to drone attacks carried out by Iran-backed factions. This escalation heightened global fears and contributed to Brent crude rising to approximately $89.61 per barrel and WTI to $84.31.
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