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Oil prices spike amid US-Iran conflict
Published 4 weeks ago
Description
Oil prices fluctuated dramatically, dropping 14% before surging past $100 USD a barrel amid conflicting statements from Washington and Tehran about potential diplomatic talks. US President Donald Trump claims Iran has agreed to abandon nuclear weapons ambitions and made concessions on the Strait of Hormuz, while Iran's military leadership vows to continue fighting until complete victory. Ongoing military strikes continue across the Middle East, with Israeli operations in southern Lebanon and Iranian missiles penetrating Tel Aviv's Iron Dome defence system, causing damage to residential areas.
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