Oil prices plunge most in 2 years after Israel's strike on Iran spares production facilities

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• Oil prices fell over 6% after Israel's missile strike on Iran spared its oil production infrastructure.
• Israel hit military targets and reportedly warned the country ahead of the attack.
• Iran's oil production is crucial; a strike on facilities would have likely sent global prices soaring.

Oil prices plunged on Monday, dropping more than 6% in the steepest intra-day decline since September 2022.

Brent crude, the international oil benchmark...