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Oil tops $111 on UAE drone strike

05:26

Oil tops $111 on UAE drone strike
Source: Adobestock

Brent crude climbed to $111.23 per barrel on Monday morning — its highest since early May — after Iran launched a drone attack on the Barakah nuclear power plant in the United Arab Emirates over the weekend. The strike, which caused a fire at a generator outside the plant's inner protected zone but no radiation release or casualties, prompted fresh US…

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