Oil prices lower after Iran attack on Israel

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Oil prices fell on Monday after after Iran’s reprisal attack on Israel over the weekend.

Brent crude – a key benchmark for oil prices internationally – was lower but still trading close to $90 a barrel on Monday morning.

Prices had already risen in expectation of action by Iran, with Brent crude nearing a six-month high last week.

Analysts said the markets would be looking to see how the conflict could affect global supply chains.

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