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Iran tensions

Iran's missile strike sends gold and oil prices up

Investors shift to risk-off mode amid escalating tensions in the Middle East

West Texas Intermediate, the global oil benchmark, marked $65 per barrel at one point on Jan. 8, up 10% from a month ago.   © Reuters

TOKYO -- The Iran-U.S. hostilities are creating fears of geopolitical risks, sending crude oil prices up but not touching already high fees for the tankers used to ship the crucial commodity.

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