Oil Prices Surge Amid Iran War, Global Inflation Worries
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices soar amid Iran-Middle East conflict, reaching nearly $120 per barrel, before retreating to around $106. Key infrastructure targeted, causing disruptions and force majeure declarations. World leaders consider strategic reserves, with G7 possibly meeting. Tanker traffic through Strait of Hormuz nearly halted, leading to output cuts and global inflation concerns.
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