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Tuesday, May 20, 2025

Oil Surges on Report That Israel Is Preparing to Strike Iran

 


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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