AI Summary

Oil prices rose in early Asian trading on Wednesday as the United States and Iran exchanged strikes, marking a notable escalation after a month of relative calm. At the time of reporting, West Texas Intermediate crude was up 0.92% to $91.05 per barrel, while Brent crude increased 1.19% to $95.68. The price gains reflect market reaction to the heightened geopolitical tension between the two countries.

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