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Dow Slumps as US-Iran Escalation Drives Crude Above $96

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The Story

News Summary

  • Crude oil prices surged past $96 per barrel following severe US-Iran military strikes and threats to expand maritime exclusion zones beyond the Strait of Hormuz.
  • Escalating tanker attacks and strikes on Saudi facilities have reignited inflation fears, pressuring equities and sending the Dow Jones down 0.61%.
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BRENT price history

103.08 +58.78% over the displayed period

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