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Oil rises as U.S., Iran resume military attacks
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
Oil prices were up nearly 2% on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran retaliated, extending the conflict into its sixth month. Escalating Middle East tensions are supportive for crude but keep the backdrop risk-off for energy demand and supply.
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