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Turmoil in West Asia
Financial Express Lucknow
|June 16, 2025
Oil price spike, supply issues due to jitters over the Israel-Iran war will add to India's concerns
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RENT PRICES SPIKED to $78 a barrel before settling at lower levels last Friday following Israel's continuing air strikes on Iran's nuclear and military facilities. Oil markets are jittery as Tehran retaliated with a barrage of ballistic missiles targeting Tel Aviv, all of which threatens a full-blown conflict in West Asia. The war rages on as both countries struck each other hard on Sunday morning.
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