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Markets Plunge as Iran Tensions Escalate

Published 1 week, 6 days ago
Description

Global stock markets plummeted for the third consecutive day, setting the stage for a third straight weekly decline due to escalating tensions in the Middle East. The war with Iran has investors worried about rising oil prices and inflation. Bond yields surged as central banks hinted at potential rate hikes to combat price pressures. Oil prices climbed, with U.S. crude reaching $97.33 per barrel and Brent at $109.35, as nations secure shipping lanes. Natural gas prices soared in Europe following infrastructure strikes.

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