Oil surges over 5% as Israel strikes Iran, raising supply disruption fears



Oil prices spiked sharply on Friday, climbing over 5% after Israel confirmed a military strike on Iran, intensifying fears of supply disruptions from the Middle East. Brent crude surged $3.91 (5.64%) to $73.27 a barrel, while WTI rose $4.09 (6.01%) to $72.13, hitting their highest levels since early April.

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