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Oil Price Surge Amidst Conflicts
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Overview
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Oil prices surge due to U.S. and British strikes in Yemen, escalating conflict in the Red Sea, and Iran's seizure of a tanker with Iraqi crude destined for Turkey. The global oil market faces a potential surplus, leading to a cautious sentiment in Asian shares.
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How do geopolitical tensions and military actions affect investor confidence and market stability?
How might the escalating conflicts in the Red Sea impact international trade and diplomatic relations?
What measures can countries take to mitigate the potential oversupply and price volatility in the global oil market?
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