Oil Prices Soar as Middle East Tensions Escalate
Madison News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge amid Middle East tensions: Brent crude hits $116.50, WTI climbs 1% as Iran-backed Houthi rebels strike Israel and US-Iran negotiations loom. Investors brace for potential $200 oil and $7 gas if conflict escalates, but regional ministers call for talks. Prices may dip if tensions cool by months end, but remain in the low eighties next year.
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