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Oil prices rose in early Tuesday trading after reports of a US attack on Iran's Qeshm Island, with Brent crude up 0.5% to $105.25/barrel.
Oil prices rose in early Tuesday trading after the US attacked Iran's Qeshm Island, Al Jazeera reported, citing the Wall Street Journal. Brent crude futures rose 48 cents, or 0.5%, to $105.25 a barrel, while US West Texas Intermediate (WTI) crude rose 47 cents, or 0.5%, to $96.93. US officials described the attacks as defensive, aimed at deterring Iran from attacking commercial vessels in the Strait of Hormuz.
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