Oil prices rose over 1% on reports of Israel preparing a strike on Iranian nuclear facilities, raising concerns about potential supply disruptions in the Middle East. U.S. crude futures surged over $2 a barrel, while Brent futures climbed over $1. Iran, a key OPEC member, could see its production affected by an Israeli attack, leading to fears of retaliatory actions.
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Source Id: 2025-05-725549345
