Oil jumps as U.S. 'powerful strikes' against Iran risk unraveling fragile Mideast truce

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

Background

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

What to know

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