NewzOil prices rose significantly on Thursday morning following reports that the White House is considering new strike options against Iran. The timing of these deliberations coincides with the period less than a month before the November elections.
Global and U.S. benchmarks both experienced sharp increases during morning trading. Brent crude, the global benchmark, climbed 4.4 percent to reach $104.60 per barrel, while the U.S. benchmark, West Texas Intermediate (WTI), also jumped.
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