Oil extends gains after fresh US strikes, stocks mostly rise

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Oil extends gains after fresh US strikes, stocks mostly rise

AI Summary

Oil prices surged following new US military strikes against Iran, raising concerns about escalating hostilities and potential inflationary impacts. The events heighten market volatility amid fragile geopolitical tensions in the Middle East.

Oil prices jumped again on Tuesday after fresh US strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation. The post Oil extends gains after fresh US strikes, stocks mostly rise appeared first on Vanguard News.

Security Conflict Politics Markets Commodities Energy oil prices US strikes Iran inflation fears Middle East hostilities geopolitical tension

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