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Global Markets Plunge Amid Middle East Conflict

Published 1 week, 2 days ago
Description

Global markets plummeted on Monday as Middle East tensions escalated, causing energy prices to surge and safe havens like gold and silver to tumble. The sell-off follows a rough month for stocks since late February strikes on Iran, which have kept the Strait of Hormuz blocked and markets down over twelve percent in Germany alone. Higher fuel costs have dashed hopes for interest rate cuts this year, leaving traders on edge for what comes next.

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