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International Business Times
International Business Times
Business

Oil Prices Jump On Report Of Israel Prepping Iran Strike

Oil prices have rallied on a report that US officials had intelligence suggesting Israel was considerng an attack on Iranian nuclear facilities (Credit: AFP)

Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.

While safe haven gold pushed almost two percent higher, the news from CNN appeared to be having little detrimental effect on Asian equities, with most extending the previous day's rally.

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