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DELAYED UPDATE — Crude oil rallies as U.S.-Iran flare-up intensifies

Crude oil prices jumped on Wednesday, extending gains from the prior two sessions. The move follows the U.S. launching a second round of attacks against Iran and Iran’s forceful retaliation, raising concerns of a drawn-out Gulf war.

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WASHINGTON (dpa-AFX) - Crude oil prices have jumped on Wednesday, adding to the strong gains from the two previous sessions as concerns of a drawn-out gulf war deepen after the U.S. commenced its second round of attacks against Iran yesterday, prompting Iran's forceful retaliation.

Reports of recor…