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Event Brief

U.S. oil prices surge past $116 amid Iran strikes

Oil prices rose following reports of U.S. strikes on military targets in Iran's Kharg Island.
WHO: U.S.
WHAT: conducted strikes on military targets
WHEN: Apr 7, 2026 at 11:50 AM ET
WHERE: Kharg Island
WHY: Reports indicated military targets were struck.
Sources (2): Jerusalem Post, MarketWatch

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