Iran war news update: Brent crude oil price, WTI jump over 6 per cent, concerns grow ⁠over near-term supply availability

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International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per cent or $4.85 to around $75 a barrel.