Oil prices climbed sharply after the Pentagon said Iran launched more than a dozen ballistic missiles against US bases in Iraq
New York Oil prices climbed sharply Tuesday after the Pentagon said Iran launched more than a dozen ballistic missiles against US bases in Iraq.
The apparent retaliation for last week's US drone stroke against a senior Iranian commander amplifies concern about a spiraling tit-for-tat conflict between the United States and Iran. US crude jumped more than 4% to over $65 a barrel Tuesday evening after US officials said Iran launched more than a dozen missiles that targeted at least two bases hosting American military personnel. Crude, which settled at $62.70 a barrel during regular trading Tuesday, climbed as high as $65.48 a barrel.
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