Oil rises as US-Iran tension escalates after Iraq strikes, missile attack - Reuters
Oil rises as US-Iran tension escalates after Iraq strikes, missile attack - Reuters
Source: Reuters
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DW NOTE
Iraq strikes and a missile attack have pushed oil higher — WTI is at $79.14, up 11.86% over the past month but still down 29.9% from its 1-year high. The rally is geopolitical theater layered onto a market that peaked months ago and hasn't recovered.