Oil prices fell sharply on Monday after Israel’s attack on Iran avoided oil and nuclear facilities and the country’s supreme leader signalled a measured response to the strikes.
Brent crude futures, the international benchmark, fell as much as 5 per cent in early Asian trading to $71.99 a barrel but has since pared back losses to trade at $72.82. West Texas Intermediate futures, the US benchmark, fell 4.4 per cent to $68.63 a barrel.
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