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Oil Prices Volatile Amid Escalating Israel-Iran Conflict
Oil Prices Volatile Amid Escalating Israel-Iran Conflict
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Brent crude futures ROSE 0.5% to $73.57 a barrel as geopolitical tensions flared, with U.S. WTI crude climbing 0.4% to $72.06. Early session gains exceeding 2% were pared after conflicting signals emerged regarding Iran''s nuclear stance.
Market sentiment swung sharply following President Trump''s evacuation warning to Tehran residents via Truth Social, countering earlier reports of de-escalation. The G7''s calls for restraint did little to calm markets as missile exchanges continued for a fifth consecutive day.
Phillip Nova analyst Priyanka Sachdeva noted traders remain hyper-focused on the conflict''s progression, with energy markets serving as the primary risk barometer. The situation remains fluid, with no clear resolution in sight.
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