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Oil prices jump above 3.5pc on renewed US-Iran fighting
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- Update Time : Monday, July 13, 2026
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Oil prices opened sharply higher on Monday after the United States launched a wave of attacks on Iran and as Tehran announced it would close the Strait of Hormuz.
A barrel of international benchmark Brent crude for September delivery rose 3.75 per cent to $78.86 at around 2210 GMT on Sunday.
US benchmark West Texas Intermediate rose 3.65 per cent to $74.02 per barrel for August delivery.
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