Oil surge amid Iran tensions clouds Fed rate outlook Related news

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ISTANBUL Oil prices have risen sharply following recent US and Israeli military strikes on Iran, a development expected to stoke inflationary pressures and potentially alter the Federal Reserve’s policy roadmap. The escalating conflict has intensified market volatility, triggering a surge in crude prices amid growing uncertainty over Middle Eastern trade routes. Brig. Gen. Ebrahim Jabbari, a senior adviser to Iran’s Revolutionary Guard Corps commander-in-chief, announced the closure of the

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