Oil Jumps 3% after US and Iran Exchange Attacks
Oil prices opened 3% higher on Monday after a weekend of tit-for-tat attacks between the US and Iran. Brent crude futures were up $2.67 (3.51%) to $78.68, while U.S. West Texas Intermediate crude was up $2.48 (3.47%) to $73.89 a barrel. Traffic through the vital Strait of Hormuz, which under normal conditions handles 20% of […]
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