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US strikes Iran's Larak Island; Iran retaliates, oil jumps 3.4%
The HillLO·US · IR·3 days ago
Oil futures rose for a third session as US-Iran hostilities intensified, with US forces striking Iran's southern coast and Iran retaliating against American bases in Jordan, Iraq, Bahrain, and Kuwait. This marks the largest exchange of attacks since July, driving Brent above $95. The escalation threatens regional stability and energy supply, with market impact hinging on further military actions.
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