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Oil prices jump after renewed attacks between US, Iran

The Hill·August 31, 2026·1 min read
Oil prices jump after renewed attacks between US, Iran

Crude oil prices jumped Monday after the U.S. attacked Iran's Larak Island, prompting Iran to retaliate, the first known military action from either country after weeks of stalemate. Brent crude futures for September rose 3.4% to $91.09 per barrel early Monday.

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