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Global Oil Prices Jump as Attacks Resume in the Middle East

NYT > Business·July 29, 2026
Global Oil Prices Jump as Attacks Resume in the Middle East

Global oil prices have surged due to renewed attacks in the Middle East, sparking concerns among investors about the region's energy supply. The recent flare-up in tensions has ended a brief period of calm, leading to increased uncertainty in the market. Investors are worried that the conflict could disrupt the flow of energy from the region, driving up prices. The sudden escalation of violence has heightened fears of a prolonged and unstable situation in the Middle East.

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