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Oil prices climb amid uncertainty over Iran president’s fate, Saudi King’s health
Oil prices extended gains on Monday, inching up amid political uncertainty at major producing countries after Iran’s president was feared dead in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 32 cents, or 0.4%, to $84.30 a barrel by 0240 GMT, its highest since May 10. US West Texas Intermediate crude (WTI) rose 5 cents to $80.11 a barrel, after hitting $80.23 earlier, the highest since May 1. A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Iranian officials said. Hopes are fading that Raisi and foreign minister Hossein ... (full story)