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Exante Weekly Report: Oil Surge Threatens Global Economy
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Exante weekly report: oil surge threatens global economy
Exante’s latest global macro update highlights a dramatic week in financial markets, as the spreading conflict in the Middle East sent oil prices soaring and raised fresh concerns about inflation and global economic stability. The most striking development came on Wednesday when the US downed an Iranian submarine off the coast of Sri Lanka — the first time since 1945 that a US submarine has used a torpedo to sink an enemy combatant vessel, accor…
Global oil prices fluctuated due to the US attack on Iran, triggering tensions in the Strait of Hormuz.
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