Oil Prices Surge 4% as US-Iran Military Strikes Escalate Across Middle East
Oil prices rose sharply following renewed military exchanges between the United States and Iran over the weekend. The conflict expanded beyond Iran, with strikes also affecting Qatar and the United Arab Emirates. The escalation has cast serious doubt over the interim US-Iran agreement that was signed just last month. Iran's Foreign Ministry issued a strong formal condemnation of the US military strikes. Financial markets remain on edge as investors watch for further developments in the region.
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