Oil prices have jumped to the highest level since 2022 amid report of a U.S. plan to launch a fresh wave of attacks on Iran and President Donald Trump's decision to extend the U.S. naval blockade of Iranian ports.
Brent crude soared to a four-year high of above $126 per barrel at one stage Thursday, increasing by more than 12 percent, before losing some gains.
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by Joji Xavier
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