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Middle East Tensions and Strait of Hormuz Risks Lift Oil Prices, Stir Global Market Concerns

Oil prices climbed as tensions in the Middle East escalated, with global markets reacting to growing geopolitical risks centered on the Strait of Hormuz, a critical energy transit route. The conflict involving Iran, the US, and Israel has expanded beyond air strikes and missile attacks and may begin affecting the global economy, according to a video summary.
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