Oil prices rise on potential US strikes on Iran before midterm elections

The National ·
United Arab Emirates

Oil prices jumped on Thursday after reports about Pentagon plans for US strikes on Iran that could be launched before the midterm elections amid continued Iranian attacks on vessels in the Strait of Hormuz. Brent , the benchmark for two-thirds of the world's oil, climbed nearly 3.77 per cent to $104 a barrel at 11.18am UAE time, after falling below the $100 mark earlier this week. West Texas…

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