Oil Panic Grips Markets

Oil prices surged to mid-2022 highs as the Middle East conflict and Strait of Hormuz disruptions sparked market panic.

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Photo by Galen Crout on Unsplash

Oil has surged to its highest level since mid-2022 amid escalating Middle East conflict and disruptions around the Strait of Hormuz, driving sharp risk-off sentiment as investors shift focus away from recent weak U.S. payrolls data toward intensifying geopolitical risks.

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