Oil prices surge: A file picture showing a worker walking through a gas condensate refinery in Bandar Abbas, Iran. Oil futures in London briefly surged more than 5% following the missile strikes. — Bloomberg
SINGAPORE: Oil prices jumped back above US$70 a barrel after Iran attacked two US-Iraqi bases in its first response to the killing of its top general, before paring most of their gains as Tehran signaled the strike was over.
Futures in London briefly surged more than 5% as the Islamic Revolutionary Guard Corps claimed responsibility for the missile strikes, which the Pentagon said were launched from Iran.
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