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Oil jumps 3 percent after US, Iran escalate strikes in Mideast
SINGAPORE: Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz. Brent crude futures climbed $2.34, or 3.08 percent, to $78.35 by 2311 GMT, while US West Texas Intermediate crude rose $2.21, or 3.09 percent, to $73.62 a barrel. Over the weekend, Tehran extended strikes on Qatar and the United Arab Emirates while the US launched further strikes on Iran, the latest in a cycle of attacks and counter-attacks over shipping through the strait.
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straitstimes.com
Oil jumps more than 4% as US and Iran trade strikes, dispute Hormuz status
Brent crude surged 4.1 per cent to US$79.14 a barrel as at 9.40am Singapore time, after gaining 5.4 per cent last week. Read more at straitstimes.com. Read more at…
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Oil jumps more than 3% as US and Iran trade strikes, dispute Hormuz status
Brent crude rose 3.2 per cent to US$78.43 a barrel as at 7am Singapore time, after gaining 5.4 per cent last week. Read more at straitstimes.com. Read more at straitstimes.com.
