Oil prices surged in early Asian trade on Wednesday following a surprise attack by Iranian forces against U.S. bases across the Middle East.
The assault, which was successfully intercepted by U.S. Central Command (CENTCOM), ended hopes of a diplomatic breakthrough between the two nations.
Brent crude climbed to $87.95 per barrel, up 4.59%, while West Texas Intermediate was trading at $82.89, up 4.58%.
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