Oil prices rose Wednesday after the U.S. launched fresh strikes on Iran in retaliation for Tehran attacking commercial vessels in the Strait of Hormuz.
West Texas Intermediate futures for August delivery rose 5.2% to $74.13 per barrel. Futures for International benchmark Brent crude for September delivery jumped 5.2% to $78.04 per barrel.
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Wall Street's main indexes ended lower, weighed down by losses in Micron and other chipmakers due to mounting doubts about the sustainability of the AI-driven rally reut.rs/44m7Ri2
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