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Commodities

Oil Prices Plummet Amid US-Iran Tensions

Guavy AI Editorial Team
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Oil
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Oil prices have retreated below $100 a barrel after reaching their highest level since early May. However, ongoing tensions between the US and Iran are keeping energy markets on edge.

The recent price drop is a brief respite for investors, but industry watchers warn that energy markets could soon dictate market sentiment once again.

Record-setting prices may not be out of the question, with some experts predicting prices could reach $150 a barrel or higher in light of renewed hostilities between the US and Iran.

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