Iran, Israel and Oil
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JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario. President Trump urged Iran to strike a deal before further attacks by Israel,
Iran has partially suspended gas production at the world's biggest gas field after an Israeli strike caused a fire there on Saturday, the semi-official Tasnim news agency reported, in what would be the first Israeli strike on Iran's oil and gas sector.