Oil Surges After New Iran Clashes — Commodities -2-

0240 GMT - Iron ore is lower in early Asian trading. Prices are facing some pressure from ample supply, according to Nanhua Futures analysts in a research note. Global iron ore shipments increased significantly on a sequential basis, primarily driven by higher volumes from Australia, they note. The most-traded iron ore contract on the Dalian Commodity Exchange is down 0.1% at 781 yuan a ton. (tracy.qu@wsj.com)

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