Mideast, Oil Prices
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Iran, Israel and Oil
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Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.
Rising global volatility from Middle East tensions poses fresh risks for South Korea’s export-driven economy, stoking fears of supply disruptions. Still, analys
Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium rather than changing market fundamentals.