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The Economic Times
The Economic Times
Business

Oil rises after US-Iran hostilities flare again with strikes on energy targets

PERTH: Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region.

For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on early Wednesday trade.

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