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Commodities

Stocks Plummet as Middle East Tensions Escalate with New Tariffs

Guavy AI Editorial Team
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Stocks plummeted and oil prices surged amid escalating tensions in the Middle East and new tariffs imposed by President Donald Trump on 60 U.S. trading partners.

According to ABC News, the escalation is impacting markets and gas prices, with oil topping $100 a barrel. This comes as the White House warned of a potential 'massive attack' on Iran.

Rebecca Jarvis from ABC News explained how these events are affecting the economy, stating that Trump's new round of tariffs is causing uncertainty in the market and contributing to the decline in stock prices.

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