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Evening Standard
Evening Standard
Business
Anna Wise

Oil prices rising after fresh round of strikes threaten US-Iran ceasefire

Oil United States Iran
Oil prices have risen and stocks have slumped after fresh attacks between the US and Iran (Andrew Milligan/PA) -

Oil prices have risen and stocks have slumped after fresh attacks between the US and Iran which threaten to lengthen disruption in the Strait of Hormuz.

Brent crude oil jumped by around 6.5% to 79 US dollars a barrel on Wednesday morning after Donald Trump said the ceasefire was over.

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