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Oil prices near Iran conflict levels as tanker rates hit records
๐Ÿ“ˆ Business

Oil prices near Iran conflict levels as tanker rates hit records

Oil prices have approached levels seen during recent tensions with Iran, while a sharp surge in tanker freight rates is fueling a second wave of pressure on energy markets. Wall Street has begun pricing in a full-scale regional conflict scenario that could cut off a significant portion of global crude supplies. Analysts warn of possible further turbulence in financial markets.

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