Oil gave up much of the previous day’s gains as swelling U.S. stockpiles temporarily overshadowed the possibility of an attack on Israel by Iran or its proxies.
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Oil price news: Oil prices pop higher as U.S. sees imminent strike on IsraelOil reversed earlier losses and quickly moved higher after it was reported that the U.S. and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
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Oil price news: Oil rally takes breather with Israel to pull some Gaza troopsOil declined from a five-month high after Israel said it would remove some troops from Gaza, helping to cool some of the previous week’s geopolitics-led gains.
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Israel threatens to strike Iran directly if Iran launches attack from its territoryIsrael's foreign minister threatened Wednesday that his country's forces would strike Iran directly if the Islamic Republic launched an attack from its territory against Israel, as tensions between the rival powers flare following the killings of Iranian generals in a blast at the Iranian consulate in Syria.
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Israel Threatens To Strike Iran Directly If Iran Launches Attack From Its TerritoryIsrael’s Foreign Minister has threatened that its country’s forces would strike Iran directly if the Islamic Republic launched an attack from its territory against Israel.
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Oil price news: Oil holds near US$86 as U.S. dollar vies with Fed’s rate trajectoryOil steadied as optimism that the U.S. Federal Reserve will stick to its path of interest rate cuts this year was offset by the U.S. dollar stabilizing after a sharp drop in the previous session.
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Oil price news: Oil snaps 3-day drop as Russia attacks add to global tensionOil futures gained on escalating geopolitical unrest following attacks in Russia and a bullish Goldman Sachs Group Inc. note on the outlook for commodities.
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