US crude oil prices rise on renewed hostilities with Iran
WTI crude rose to 97.26 dollars a barrel after the U.S. launched retaliatory strikes against Iran. Tehran accused Washington of hitting ships in the region.
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West Texas Oil futures jumped 3% in early trading following a military escalation between the United States and Iran. The benchmark rose $2.45 to $97.26 a barrel. The United States military carried out retaliatory strikes on Iran, targeting sites responsible for attacks on American forces.
