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Oil Jumps After Hostilities Between Iran and Israel Escalate

NYT > Business·June 8, 2026
Oil Jumps After Hostilities Between Iran and Israel Escalate

She reports that oil prices have surged due to escalating hostilities between Iran and Israel. The exchange of strikes between the two nations has sparked concerns about the stability of the region. As a result, oil prices have increased and stock markets have declined, reflecting the uncertainty and tension in the Middle East. Global markets are now closely watching the situation, fearing a potential disruption to oil supplies.

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