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Breaking Posted 2 hours ago

Brent crude surges 7.3% to $88.09 on Iran missile strikes

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Brent crude oil jumped 7.3% to settle at $88.09/barrel as Iran launched missiles at US forces in the Middle East, prompting retaliatory strikes by US and Saudi forces against Tehran-backed militias in Iraq. Oil-sensitive currencies including USD, CAD, and commodity-linked pairs face volatility; energy shocks typically strengthen USD and weaken commodity-dependent currencies in risk-off environments.
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