Iran-Israel Clash Shakes Markets: What’s Next for Oil and Inflation? ...Middle East

Last Friday the world woke to the kind of news that rattles the oil markets. In the early hours of June 13, Israel launched airstrikes against Iran, reportedly hitting nuclear sites and killing several senior military officials, including Hossein Salami, head of the Revolutionary Guard. Israeli Prime Minister Benjamin Netanyahu called it a “strategic action” aimed at neutralizing what he described as existential threats. The reaction in the oil markets was swift. Brent crude jumped nearly 8%, briefly topping $78.50, and West Texas Intermediate…

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