Oil jumps more than 3% after US, Iran launch strikes in Mideast

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SINGAPORE, July 13 (Reuters) – Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz.

Brent crude futures climbed $2.67, or 3.51%, to $78.68 by 2204 GMT, while U.S. West Texas Intermediate crude was at $73.89 a barrel, up $2.48, or 3.47%.

(Reporting by Florence Tan; Editing by Edmund Klamann)

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