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Oil prices pop after Iran seizes British sailors

Oil prices rose above $62 a barrel after Britain said Iranian naval vessels seized 15 British sailors and marines in Iraqi waters and gunmen kidnapped three foreigners in southern Nigeria, according to the Associated Press.
Britain's Ministry of Defense said the personnel were "engaged in routine boarding operations of merchant shipping in Iraqi territorial waters," and had completed their inspection of a merchant ship when they were accosted by Iranian vessels, AP said.

Posted by   at 10:27 AM to Oil | Permalink

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