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Oil Prices Spike As Israel And Iran Exchange Fire

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Oil prices jumped more than 4% after Iran and Israel exchanged missile strikes, reversing a two-session decline. The escalation derailed U.S. President Donald Trump's peace efforts and raises near-term supply risk premium in crude markets. The move is likely to have broad market implications given the geopolitical shock and energy price sensitivity.

Analysis

Oil prices jumped more than 4% after Iran and Israel exchanged missile strikes, reversing a two-session decline. The escalation derailed U.S. President Donald Trump's peace efforts and raises near-term supply risk premium in crude markets. The move is likely to have broad market implications given the geopolitical shock and energy price sensitivity.

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