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In just seven minutes late yesterday, oil futures jumped more than $5, or 8%, to $68.91 -- the highest level since September -- as an unfounded rumor of an attack on U.S. Navy warships by Iran circulated on the trading floors.
oil price rise and fall It is now time to ratchet up the pressure," British Prime Minister Tony Blair said in Parliament today. Blair said that efforts to free sailors would enter a "different phase" if Iran did not release them.


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