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Oil Resumes Gain After Trump Calls for Evacuation of Tehran

Bloomberg.com · last updated

Oil resumed gains after President Donald Trump called for the evacuation of Tehran, as Israel vowed more strikes on Iran.

West Texas Intermediate rose as much 1.7% to trade near $73 a barrel after closing 1.7% lower on Monday. Futures fell in the previous session on signs Iran was seeking to deescalate the conflict, which was sparked by Israel last week targeting nuclear sites and military leadership.

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