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Dow Slumps as Oil Surges Past $102 on Middle East Escalation

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The Story

News Summary

  • Crude oil spiked over 7% above $102 per barrel amid escalating U.S.-Iran military clashes and Strait of Hormuz disruptions.
  • Rising energy costs intensified stagflation fears and weighed heavily on broader equity markets, dragging the Dow Jones Industrial Average lower.
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100.05 +69.03% over the displayed period

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