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flag Oil prices jump 7% as Israel-Iran tensions threaten crucial Strait of Hormuz supply route.

flag Oil prices surged over 7% on Friday after Israel's attacks on Iranian targets raised fears of supply disruptions. flag The S&P 500 fell 1%, the Dow Jones Industrial Average dropped 1.6%, and the Nasdaq Composite declined 1.1%. flag Iran is a key oil producer, and any wider conflict could slow oil flows, raising global prices. flag Gold prices rose as investors sought safer assets, while Treasury bond yields increased, reflecting concerns about inflation. flag The situation is being closely monitored, especially the potential impact on the Strait of Hormuz.

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