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Oil Prices Surge Amid Iran Tensions | Charleston News
Oil prices surge over five percent after Trump declares the Iran ceasefire dead, sparking fears of another energy shock. Escalating attacks around the Strait of Hormuz — including Iran striking ships and U.S. retaliating with strikes — have shattered recent calm, with both sides exchanging drones and missiles. Trump calls Iran “liars and cheats,” while economists warn this instability could disrupt global supply chains, force central banks to hike rates, and even sway U.S. midterm elections. Global oil inventories are dangerously low, with the IEA sounding the alarm about a potential “red…
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