Oil prices jump 2 percent to six month highs
Oil prices rose over two percent to reach six month highs as traders braced for potential escalation in the Iran conflict. A tanker attack in the Strait of Hormuz and rising geopolitical tensions drove the gains.
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Brent Crude Oil jumped 2.4% on Friday, settling at $117.64 a barrel as traders braced for an escalation involving Iran. The rally pushed prices to six-month highs following a tanker attack in the Strait of Hormuz.
