Commodities
Oil Shoots to 6-Month High as Middle East Conflict Escalates
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Oil jumped to the highest level since October on news that Israel is bracing for a possible attack from Iran or its proxies.
An assault is expected to come as soon as the next 48 hours, which would mark a significant widening of the Middle East conflict that has roiled oil markets. Global benchmark Brent rallied above $92 a barrel. Futures have surged 19% this year with the war adding risk premium to the market.