Oil prices surged late Sunday as fears mounted that the escalating Iran conflict could drag on for weeks, rattling global energy markets.Global benchmark Brent crude briefly jumped to $82.37 a barrel — its highest level since January 2025 — in the first wave of trading following U.S. and Israeli strikes on Iran that killed Supreme Leader Ali Khamenei, according to Reuters.By 7:54 p.m. ET, Brent had pulled back slightly but was still up more than 7% at $78.24 a barrel.U.S. West Texas Intermediate crude also surged nearly 7%, climbing to $71.68 after briefly hitting $75.33 — its highest since Ju...
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