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The price of Brent crude, now up about 40 percent this month, surged Thursday after Iran's Houthi allies in Yemen claimed strikes on Saudi tankers.
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Oil prices rose Thursday to their highest level since early June after the latest Iran war escalation threatened severe new disruption to global supplies.
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;Resize=(620)) It's the first time oil has risen above that benchmark of $100 since late May. Stocks sank under the pressure of rising oil prices, while companies with big fuel bills fell on worries about higher expenses.
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