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Commodities

Global Markets Skid Amid Middle East Tensions and Oil Price Surge

Guavy AI Editorial Team
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Oil
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World stock markets are experiencing mixed results on Friday, July 24, as Brent oil prices reach their highest level since May due to increased tensions in the Middle East.

The escalating conflict has raised concerns about a potential slowdown in global crude production, leading to higher oil prices. In response, Asian markets have taken a hit, with many AI-related shares experiencing a sell-off.

South Korea's Financial Markets have been particularly affected, with employees at Hana Bank watching the Korea Composite Stock Price Index (KOSPI) and foreign exchange rates closely.

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