Global oil prices have jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East.
The price of the benchmark Brent crude was up by more than 10% shortly after the news emerged, reaching its highest level since January.
Traders are concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region.
The cost of crude oil affects everything from how much it costs to fill up your car to the price of food at the supermarket.
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Author: BBC News
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News post in June 13, 2025, 6:05 pm.
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