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🚨 JUST IN: Oil surges 12% to $75 per barrel as the US–Israel conflict with Iran escalates.
Why this matters:
Iran sits near the Strait of Hormuz — a key route where ~20% of global oil supply passes.
If that flow is threatened, prices spike fast.
Markets are now pricing in:
• Supply disruption risk
• Higher inflation pressure
• More volatility in stocks & crypto
Energy up. Risk assets on watch.
If oil keeps climbing, expect bigger moves across global markets.
Are we heading toward $80+ next? 👀