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Oil Prices Spike as U.S. and Iran Exchange Fire

Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain...
HomeWorldOil Prices Jump as Middle East Tensions Build

Oil Prices Jump as Middle East Tensions Build

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.