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Commodities

Oil Price Surge Sparks Global Portfolio Warning

Guavy AI Editorial Team
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Oil
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The Middle East conflict has sent shockwaves through global markets after Iran launched ballistic missiles at American forces, prompting retaliatory strikes by U.S. and Saudi jets targeting Iran-backed sites in Iraq.

Nigel Green, CEO of the deVere Group, warned that this oil price surge is not just a market event but a clear signal for global investment portfolios.

The Brent crude price surged past $86 a barrel and West Texas Intermediate climbed above $82, triggering fears of supply bottlenecks and broader instability in a region that remains the linchpin of global energy markets.

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