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Oil jumps more than 10% as Israel strikes Iran, rattling investors

Posted by Able on June 12, 2025

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Oil prices surged over 10% on Friday, reaching multi-month highs after Israel confirmed a strike on Iran, sharply escalating Middle East tensions and fueling concerns over potential disruptions to global oil supply.

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

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Oil jumps more than 10% as Israel strikes Iran, rattling investors

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