Oil jumped after CNN reported that US intelligence suggests Israel is making preparations to possibly strike Iranian nuclear facilities.
West Texas Intermediate futures surged as much as 3.5% to $64.19 a barrel. It isn’t clear that Israeli leaders have made a final decision to carry out the strikes, CNN said, citing unnamed officials.
https://www.bloomberg.com/news/articles/2025-05-20/latest-oil-market-news-and-analysis-for-may-21
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