Oil Prices Jump, Global Stocks Shaky Amid US-Iran Escalation
Oil prices surged after the U.S. and Iran exchanged new military strikes, with President Trump declaring their ceasefire "over." This geopolitical tension contributed to a shaky global stock market, with chip shares experiencing a sell-off and investors questioning the sustainability of the AI-driven rally. Brent crude futures increased 3% to settle at $74.16 per barrel.
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