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Global oil prices have surged following intensified military exchanges between Israel and Iran. On Tuesday, Brent crude jumped by $3.22 (4.4%), reaching $76.45 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude rose by $3.07 (4.28%), settling at $74.84 per barrel. Reports indicate Iran has slightly reduced gas production after Israeli strikes targeted key gas fields.

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