Crude oil prices climbed the most since January after Iran shot down a U.S. military drone, further inflaming tensions over the mining of two oil tankers and sanctions imposed by President Trump.
West Texas Intermediate, a benchmark for prices in the United States, rose 4.3% to $56.29 a barrel in New York on Thursday morning after the U.S. military said the attack on the drone, traveling in international air space over the Strait of Hormuz, was unprovoked.
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