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Commodities

Stocks Tumble Amid Oil Price Spike on Escalating Middle Eastern Conflict

Guavy AI Editorial Team
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Oil
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The US stock market is expected to open lower on Tuesday following the long Labor Day weekend.

This comes as crude oil prices surge due to the escalating conflict in the Middle East.

The price of U.S. crude oil futures has jumped by nearly 2 percent after a series of events over the weekend, including Iranian ballistic missiles being launched towards two US Navy warships and the US striking three Iranian crude oil carriers.

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