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Commodities

Oil Prices Soar Amid Middle Eastern Tensions and Trade Tariffs

Guavy AI Editorial Team
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Oil
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Crude oil prices surged to a two-month high on Friday amidst escalating tensions in the Middle East. The increase was sparked by targeted strikes on US assets in several Arab countries, which Iran claimed responsibility for. Two waves of sirens were reported in Bahrain, adding to the sense of unease.

The Exporters Association of Sri Lanka (EASL) welcomed a decision by the United States Trade Representative (USTR) to impose a 10% tariff on imports from Sri Lanka.

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