Oil rises 7% amid Iran tensions
Oil prices have surged sharply by more than 6% after U.S. President Donald Trump threatened to strongly target Iran in response to an attempted surprise attack by Iranian Revolutionary Guard forces on American troops in the Middle East. Tehran launched several ballistic missiles, targeting logistical sites and weapons. The escalation caused Brent crude prices to rise to $89.61 per barrel, and West Texas Intermediate to $84.31, amid expectations of escalating disruptions in the oil market.
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