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Oil Soars as Middle East Tensions Escalate | Texas News
Middle East tensions reignited as U.S. airstrikes on Iran triggered retaliatory strikes, sending oil prices soaring and rattling global markets. Brent crude jumped nearly 5% to $79.59, while U.S. crude climbed 4.8% to $74.85 — reversing recent calm after ships resumed passage through the Strait of Hormuz. Asian stocks tumbled, with Tokyo’s Nikkei down 2.2% and Seoul’s Kospi plunging 8.2%, even as AI-driven giants like SK Hynix saw their U.S. IPO debut a resounding success — yet their Seoul shares fell 13.3%, fueling fears of an AI bubble. With earnings reports from major U.S. banks looming…
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