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Sunday, May 25, 2025 0:46 GMT
Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle East producing region. Brent futures rose 87 cents, or 1.3%, to $66.25 a barrel by 0807 GMT. U.S. West Texas Intermediate crude jumped 89 cents, or 1.4%, to $62.92. New intelligence obtained by the United States suggests that Israel is preparing to strike Iranian nuclear facilities, CNN reported on...More