Oil climbs over 2% on supply worries
Oil prices rose by more than 2% today, Monday, amid escalating fears of a disruption to global supplies due to the resumption of military operations between the United States and Iran. This comes after Iran launched rockets at two American bases in Jordan in response to a U.S. attack on Larak Island, prompting warnings of a potential decline in global oil supplies and a drawdown of approximately 3.1 million barrels from U.S. strategic oil reserves last week.
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