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    <title>Oil prices surge, markets retreat after Israel&#039;s strike on Iran</title>
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    <description>An international strike on Iranian targets raised geopolitical risk, driving oil-price spikes and equity declines while easing in wholesale inflation and higher initial unemployment claims reduced near term inflationary pressure. Markets price central bank inaction at the forthcoming meeting with potential later rate cuts, while tariff signalling and trade policy uncertainty continue to complicate monetary policy and market confidence.</description>
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