Oil rises as Middle East supply-disruption concerns escalate
Crude oil moved higher in early trade amid escalating reports of potential supply disruptions in the Middle East, including concerns linked to Yemen’s Bab al-Mandeb.
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WTI rises as U.S.-Iran conflict escalates amid tanker strikes
WTI crude oil futures rose in early Asian trade as the U.S.-Iran conflict escalated, with the U.S. saying it struck three Iranian oil tankers after Iran launched ballistic missiles toward two Navy warships.