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Sam Kite

Oil jumps as Iran says it struck a U.S. airbase

Oil jumped after Iran’s Revolutionary Guards said they targeted a U.S. airbase in retaliation for a U.S. strike near Bandar Abbas. The market heard “more conflict near a key oil corridor” and immediately priced in more risk. If this widens, it won’t stay on trading screens for long — it moves toward fuel, shipping, and inflation.