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Brent crude futures topped $116.50 a barrel early Wednesday after a WSJ report said the Trump administration is preparing for a brief military campaign against Iran after the midterm elections. Trump said at a rally last week, “We may do another little Epic Fury.” Signals were mixed by early afternoon, as oil and yields pared back their gains after Iranian Foreign Minister Abbas Araghchi said on X that Iran continues to give diplomacy a chance to succeed. Related: Iran Rejects ‘Unacceptable’ Qatar Draft Proposal To End War The mixed messaging keeps oil whipsawing on headlines like a penny stock, but…
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