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Oil Prices Jump, But Middle East Oil Keeps Flowing Uninterrupted ...Middle East
Oil prices continued to rise on Tuesday afternoon, following a dip in Monday's trading session. Today's oil price action follows Friday’s biggest intraday surge in three years following the Israeli strikes on Iran. The market’s worst fear—a major supply disruption in the Middle East—hasn’t materialized yet. And it may not, as was the case in the previous Israel-Iran flare-ups in recent years. What Happened? Oil prices spiked by 13% immediately after Israel hit Iran’s nuclear facilities…
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