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Posted 19 days ago

Oil Prices Surge on Iran-Israel Fighting, OPEC+ Russia Benefits

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Oil prices jumped following renewed fighting between Iran and Israel, raising concerns over energy supplies and potential disruption to Strait of Hormuz flows. Columbia University expert identifies Russia as main beneficiary of OPEC+ price increases. Commodity-linked currencies like CAD, NOK face volatility from oil price swings. Higher energy costs could impact inflation expectations and central bank policies, particularly affecting USD pairs and emerging market currencies in the region.
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