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Oil prices jumped 7% to their highest levels in months on Monday as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region.
Brent crude futures shot up to $82.37, the highest since January 2025, in the first futures trading after the U.S. and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Saturday. As of 12.54 a.m. GMT (6.24 a.m. IST), Brent futures were at $78.24 a barrel, up $5.37, or 7.37%.
-Reuters
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Iran-Israel conflict LIVE: Israel launches airstrikes on Lebanese capital after Hezbollah fired missiles across the border
