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Oil jumps as Iran rocket strike on US forces jolts markets

Oil jumps as Iran rocket strike on US forces jolts markets

Wednesday, January 8, 2020, 8:34 AM

Oil prices jumped to their highest in months after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last-week, raising the specter of a spiraling conflict and disrupted oil supplies. But prices cooled a fraction after the early heat as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.
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