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Oil prices increase after Iran fires missiles at Israel

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Oil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April according to BBC.

The price of the global benchmark Brent jumped by 2.6% to $95.50 (£71.60) a barrel, while US-traded crude rose by 2.5% to $92.75.

Energy prices have made wild swings since the April ceasefire was agreed.

Prices have floated around the $95 mark in the past week as traders weighed the long-term impact of the war on global energy flows.