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Oil Prices Soar as Middle East Tensions Escalate

Oil Prices Soar as Middle East Tensions Escalate

Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 1, 20261m 43s

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Show Notes

Global tensions in the Middle East threaten oil supply, potentially driving prices to over $100 a barrel. Australian drivers may see petrol prices surge by 40 cents per litre. While exports could be impacted, Australia stands to benefit from higher LNG prices due to its significant exports.

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