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Oil up nearly 1% as US and Iran trade fresh strikes

Source: reuters.com

Geopolitics & WarEnergy Markets & PricesCommodities & Raw Materials
Oil up nearly 1% as US and Iran trade fresh strikes

Oil prices rose nearly 1% in early trade, extending Tuesday’s surge, as fears of supply disruption intensified following U.S. and Iran exchanging strikes overnight. The move reduced expectations for a quick de-escalation in the Middle East, keeping near-term supply risk bid.

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