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of <h1>Oil Prices Spike 7% as Israel-Iran Tensions Escalate, Threatening Global Energy Markets and Investor Confidence</h1> Oil prices surged 7% and stock markets declined due to escalating tensions between Israel and Iran, raising concerns about potential disruptions in global oil supply. The conflict sparked market volatility, with benchmark crude prices jumping significantly. Investors worried about potential impacts on oil flow through the Strait of Hormuz, leading to shifts in stock valuations across energy, transportation, and defense sectors. Market sentiment remained cautious about potential economic implications.
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