Oil jumps 3% after US, Iran escalate strikes in Mideast - Reuters

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Oil prices jumped 3% following escalated strikes between the US and Iran in the Mideast. This surge in energy costs led to a slip in Asian shares as markets reacted to the attacks in the Gulf. The geopolitical tension between the US and Iran has directly impacted global oil markets and caused a downturn in Asian stock indices, reflecting the immediate financial volatility resulting from the military escalation within the Middle East region.
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