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flag Oil prices hit a two-year high in 2026 due to rising demand, supply cuts, and geopolitical tensions.

flag Oil prices reached their highest point since 2023, climbing to levels not seen in over two years amid growing global demand and supply concerns. flag The surge follows geopolitical tensions in key producing regions and OPEC+ production cuts. flag Markets reacted to the spike with increased volatility, raising concerns about inflation and fuel costs for consumers.

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