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flag Oil prices surge over $1.20 per barrel as reports suggest a potential Israel-Iran conflict.

flag World shares were mixed on May 21, 2025, as oil prices surged over $1.20 per barrel following a CNN report that Israel may attack Iran's nuclear facilities. flag This report cited unnamed intelligence officials and led to increased oil prices due to potential supply disruptions. flag In Asian markets, the Nikkei 225 fell 0.6%, while the Hang Seng and Shanghai Composite saw gains. flag The report added to uncertainty for investors amid ongoing tariff concerns and economic forecasts.

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