Crude oil jumps over 3% as Middle East tensions escalate
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Source: AfricaNews
Published: 2026-06-08 19:23 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Middle East, Iran, Energy, War & Conflict
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Snippet:
Oil prices jumped more than 3% on Monday after Iran launched missiles at Israel, raising fears of a wider regional conflict and renewed disruption to energy supplies. The gains came despite an OPEC+ decision to increase production quotas for July.
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