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Market Insight: Israel-Iran conflict 'could lead to triple-digit oil' | REUTERS

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October 25, 2024

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Crude oil has gained about 3% in a volatile week, as traders await an expected Israeli retaliatory strike on Iran. Viktor Katona of Kpler told Reuters that if the conflict escalated to the point where Iran blocked tankers in the Strait of Hormuz, prices could soar.

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Market Insight: Israel-Iran conflict 'could lead to triple-digit oil' | REUTERS · Reuters · Sentinel