Oil rises over 1% as Mideast tensions face virus concerns

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Climbing higher: Tensions in the Middle East continue to escalate following an attack on the Mercer Street tanker off the coast of Oman, which Israel blamed on Iran.
Climbing higher: Tensions in the Middle East continue to escalate following an attack on the Mercer Street tanker off the coast of Oman, which Israel blamed on Iran.Photo: REUTERS/SCANPIX
Published 5 August 2021, 22:00Updated 5 August 2021, 22:00