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Oil Climbs on Report That Israel Is Preparing to Strike Iran

Bloomberg · last updated

Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities.

Brent crude rose above $66 a barrel while West Texas Intermediate surged as much as 3.5% before paring gains. It wasn’t clear that Israeli leaders have made a final decision on whether to carry out the strikes, CNN said, citing unnamed officials.

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