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Oil rises to highest in nearly four months on Persian Gulf conflict

Oil futures rose to their highest level in nearly four months as fighting across the Persian Gulf increased supply worries. The report cites statements from Iran about a more intense war and remarks from President Trump about the conflict lasting into mid-term elections.

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Oil futures rose to their highest level in nearly four months as increased fighting across the Persian Gulf region lifted supply concerns. Iran said it is ready for a more intense war, and President Trump said the conflict will last into the mid-term elections, which now has solidifie…