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Global oil prices surged sharply on Thursday, jumping nearly 7 percent after US President Donald Trump said American military operations against Iran would continue, raising concerns over prolonged supply disruptions.
Brent crude futures rose by $7.65, or 7.6 percent, to $108.81 per barrel, while US West Texas Intermediate (WTI) climbed $7.06, or 7.1 percent, reaching $107.18 per barrel. The rally marked the strongest daily gains in three weeks.
The sharp increase followed an earlier drop of more than $1 per barrel in both…
