Category: Business
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Iran Conflict Sparks 25% Surge in Global Oil Prices
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Global oil prices have surged approximately 25%, reaching their highest level since mid-2022, driven by the escalating conflict involving Iran, according to reports from foreign media. Brent crude futures escalated to a high of $119.50 per barrel, while U.S. West Texas Intermediate (WTI) reached $119.48 per barrel, as reported by Reuters. Analysts suggest that Sri
