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Commodities

Iran Conflict Sends Oil Prices Soaring as Stocks Wobble

Guavy AI Editorial Team
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Oil
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Oil prices continued their upward trend as Middle East tensions flared, causing uncertainty for investors. The violence in Iran has persisted beyond a month without significant fighting, leading to increased anxiety about the conflict's future.

In related news, shares of online fast-fashion retailer Shein plummeted by 10% when they began trading in Hong Kong on Tuesday, before recovering slightly to a 5% decline by midday. Brent crude oil prices rose by 0.8% in response to the escalating tensions.

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