Oil is surging on fears that the Iran War is about to heat up again
Israel
Oil prices logged fresh gains and stocks tumbled on Monday as traders assessed the possibility that the Iran war could heat up again. Oil extended gains from earlier in the day after reports that Iran launched missiles at the United Arab Emirates for the first time since the ceasefire went into effect in early April. Brent oil was up about 6% to $114.60, while WTI oil rose 4% to $105.57. The UAE's Ministry of Defense said that four missiles were launched from Iran. The government agency said it
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