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Global oil markets reacted sharply after Israel launched an attack on Tehran. Crude oil prices soared more than 9%, reaching the highest level in over five months. The direct fallout from Israel’s strike on Iran sent shockwaves through the energy market early Friday. Concerns over potential disruptions in Middle Eastern oil supplies drove prices to multi-month highs. Brent crude surged by $6.29, or 9.7%, hitting $75.65 per barrel—the highest since January 27. Meanwhile, U.S. West Texas Intermediate (WTI) crude jumped by $6.43, or 9.45%, to $74.47 per barrel, marking its highest point since January 21. As tensions escalate in the Middle East, fears of supply chain disruptions are rattling global markets.

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