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Oil Prices Surge Over 3.5% Due to Escalating US-Iran Tensions
Oil prices experienced a significant jump following the United States' military actions against Iran and Tehran's subsequent decision to close the Strait of Hormuz.
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Oil prices experienced a significant jump following the United States' military actions against Iran and Tehran's subsequent decision to close the Strait of Hormuz.

The benchmark US oil contract increased more than 2.5 percent as Mideast tensions rose with new US attacks on Iran.