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Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks

Oil prices rose on Monday after the United States and Iran exchanged attacks for the first time in a month, pushing the global benchmark for crude back above $90 a barrel, after a sharp fall last week.

The U.S. military said its forces attacked two Iranian rocket launchers attempting to disperse sea mines in the Strait of Hormuz. In response, Iran said it fired missiles at American air bases in Jordan, which the Jordanian military said it had intercepted.

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