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Oil Jumps as Israel-Lebanon Tensions Escalate
Description
Oil prices surge as Israel escalates clashes with Hezbollah, rattling markets just days after U.S.-hosted peace talks and undermining hopes for a renewed Iran ceasefire. With U.S. crude at $89.73 and Brent at $93.28, tensions are spilling over from the Iran conflict — which began when Hezbollah launched attacks in March to back Tehran — and now threaten global supply chains, overshadowing China’s slowing factory activity. President Trump hints at a potential Iran deal, but Israel’s push into Lebanon and Iran’s mine-laying in key shipping lanes are fueling investor anxiety.
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