Brent crude futures jump 5.6% to $109.25 a barrel on Iran threat
Oil prices rose after reports that Iran threatened to attack Middle East energy facilities, highlighting renewed geopolitical risk for global commodity markets.
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Terms & Concepts
Brent crude futures: Contracts tied to Brent oil prices that let traders hedge or speculate on future crude price moves.
Futures contract: A standardized agreement to buy or sell an asset at a set price on a future date.
Energy facilities: Infrastructure such as oil fields, refineries, and export terminals used to produce or move energy supplies.