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US stocks dip, oil prices surge on renewed hostilities

Oil prices jumped more than two percent on Monday, with the Brent international benchmark rising above US$90 a barrel after a fresh flare-up in the US-Iran war.

  • Brent oil price surpasses $90 per barrel amid US-Iran tensions
  • US Federal Reserve chief Kevin Warsh warns of imminent rate hikes
  • Iran retaliates with missile strikes against US bases in Jordan

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