US Oil Prices Jump on US-Iran Hostilities
The sun sets behind an oil pump outside Vaudoy-en-Brie, near Paris, France, March 18, 2026. (Reuters/Christian Hartmann)
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U.S. crude futures rose as much as 3% in early trading on Friday after renewed hostilities broke out between the U.S. and Iran.
West Texas Intermediate oil prices initially gained more than 3% and were trading up 2.50% or $2.37, at $97.18 a barrel, as of 2215 GMT.
(Reporting by Colleen Howe; Editing by Chris Reese)
