You have seen the height of the tension. But if Iraq starts shooting back, then you could see it potentially explode, one oil trader said.

The benchmark October futures contract on the New York Mercantile Exchange (NYMEX), trading on the screen-based Access system during

Asian hours, jumped to $23.65 per barrel from the price of $23.35 it was at when news of the second missile attack first broke.

Traded volume in October also doubled in the minutes after the news to around 850 lots

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First Published: Sep 05 1996 | 12:00 AM IST

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