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Hang seng slides as US-Iran conflict weighs on Asian markets; brent crude spikes 5%, OPEC warns of supply risk

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Following US airstrikes on Iranian nuclear facilities, Brent Crude prices initially surged by 5% before paring gains. Concerns over potential supply disruptions, particularly the Strait of Hormuz closure, could push oil prices above $100 per barrel, according to Goldman Sachs.
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