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flag Oil prices spike on Middle East tensions but stabilize as diplomacy eases fears of war between Iran and Israel.

flag Global markets, including Wall Street, reacted to rising tensions between Iran and regional adversaries, causing a temporary spike in oil prices. flag The surge was driven by fears of disrupted oil supplies amid escalating conflict, though markets stabilized as diplomatic efforts intensified. flag The situation remains fluid, with energy prices closely monitored for further developments.

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