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Oil Prices Surge Amid Middle East Tensions | Eau Claire News
Oil prices surge past $100 a barrel as Middle East tensions flare, with strikes between the U.S. and Iran and Houthi attacks on Saudi Arabia threatening global supply chains—especially through the Strait of Hormuz. Experts warn normalization won’t happen until at least 2027, while diesel hits record highs and bond yields climb to their highest since last October. Wholesale inflation spikes fuel bets that the Fed will raise rates sharply next month, sending stocks into a fourth straight day of decline as markets brace for a new era of geopolitical volatility. Listen in comfort:Get a discount…
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