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Axios
Axios

Oil prices jump amid signs of U.S.-Iran conflict

Iran Oil United States Donald Trump White House
Data: Financial Modeling Prep; Chart: Axios Visuals

Oil prices jumped to their highest levels since last summer amid growing signs the U.S. is preparing a military strike against Iran.

Why it matters: The market sees risks to both Iranian exports but also a conflict that could threaten other supplies from the oil-producing region.

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