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TSX Tumbles Nearly 450 Points Amidst Oil Price Surge and US-Iran Conflict

Guavy AI Editorial Team
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Oil
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The Toronto Stock Exchange (TSX) plummeted nearly 450 points on Tuesday as oil prices surged amidst increased U.S. military strikes against Iran.

The TSX's sharp decline mirrored negative trends in U.S. markets, with the latest round of military action sparking fears of escalating hostilities and higher global oil prices.

The October crude oil contract was up after the U.S. military launched fresh airstrikes on Tuesday, following a month without military action.

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