Oil Near Triple Digits Amid Middle East Risks Shakes Markets

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Published: 1 hour ago

Oil prices surge near $100 as Middle East tensions escalate, causing global stock markets to stumble. United Airlines CEO warns of rising fuel costs impact while JPMorgan analysts assess inflation implications from the energy spike. Oil-sensitive currencies face pressure as energy costs threaten to drive inflation higher. Commodity currencies like CAD and NOK may see volatility while safe-haven flows could strengthen USD and JPY amid geopolitical uncertainty.

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