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Bloomberg

Iran Can’t Help Gloating, and Oil Prices Go Up

Wednesday, July 8, 2026


Iran conducted attacks on U.S. targets, and crude oil prices increased following the incident. Oil markets responded to the geopolitical tension between the two countries. Market analysts attributed price movements to uncertainty over potential further escalation.

Original reporting: https://www.bloomberg.com/opinion/newsletters/2026-07-08/us-strikes-iran-can-t-help-gloating-and-oil-prices-go-up

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