January Brent crude futures rose by $1.42 (1.95%) to $74.23 per barrel on the London ICE Futures exchange.
December WTI crude futures increased by $1.46 (2.11%) to $70.72 per barrel in electronic trading on the New York Mercantile Exchange (NYMEX).
According to Israeli intelligence, Iran plans to launch a large-scale strike against Israel from Iraqi territory in the coming days, Axios reported citing sources.
Iran may use a large number of UAVs and ballistic missiles in the attack.
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