Israel has reportedly struck Iran’s capital, sharply escalating Middle East tensions amid stalled nuclear talks and concerns over Iran’s missile arsenal. Oil prices have surged over 4%—Brent and WTI topping $71/barrel—as markets fear supply disruptions, especially if Iranian exports or the Strait of Hormuz are threatened. The region’s instability is fueling global market volatility, raising risks for energy security and inflation worldwide. Further escalation could trigger even greater price shocks and intensify scrutiny of energy supplies
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