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Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause

Times of India

BusinessTimes of India·Aug 31, 2026·1 min read

Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause

Following a U.S. military strike on Iranian launchers in the strategic Strait of Hormuz, oil prices have surged. In retaliation, Iran launched attacks on two U.S. air bases in Jordan. Jordan's military successfully intercepted eight…

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