Oil Prices Jump 3% on Reports Iran Preparing Attack on Israel

OIL PRICE - NEW YORK. Oil prices turned positive to climb about 3% on Tuesday following reports Iran was preparing to launch a missile attack on Israel.

Brent futures rose $1.84, or 2.6%, to $73.54 a barrel by 10:14 a.m. EDT (1414 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.88, or 2.8%, to $70.05.