Oil prices surge past $80/barrel after US-Israel strike Iran. Hormuz closure threats halt tankers, risking 20% of global oil supply and market stability.
Author: Trader Edge
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Military action against Iran sends oil prices soaring 8% to $80/barrel. Economists warn prolonged conflict could push crude past $100, reigniting inflation.
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Military strikes on Iran push oil prices up 8% to $80/barrel. Economists warn extended conflict could trigger $100 crude, higher inflation, and Fed inaction.