Oil prices jump on report of Israel prepping Iran strike |...

Oil prices jump on report of Israel prepping Iran strike

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Crude prices surged due to reports of a potential Israeli strike on Iranian nuclear facilities, escalating geopolitical tensions. While gold rose, Asian equities remained largely unaffected. Simultaneously, China criticized the US over chip export controls, despite recent efforts to ease trade tensions. Federal Reserve members also cautioned against premature interest rate cuts, citing concerns about the economic impact of tariffs.

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