Oil prices surge as strikes target Iran’s energy facilities

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Source: CNN
Oil prices surge as strikes target Iran’s energy facilities
Photo: CNN
TL;DR Summary

Oil prices jumped after reports of the first attacks on Iran’s oil and gas facilities, with Brent crude up about 5% near $109 a barrel and WTI around $98, while European natural gas surged and U.S. gasoline prices hit their highest in roughly two and a half years as markets price in a longer disruption to flows through the Strait of Hormuz.

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