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Oil Prices Surge 13% Amid Middle East Tensions

6/15/2025

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Summary

Story summary

Oil prices skyrocketed following Israel's attack on Iranian sites, igniting fears over Middle East stability. Brent crude jumped 13% to $78.50 per barrel, a boon for Russia's economy. Ukrainian President Zelenskyy cautioned that this surge could bolster Russia's military strength in Ukraine, complicating Western support amid the ongoing conflict.

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Story summary

Oil prices skyrocketed following Israel's attack on Iranian sites, igniting fears over Middle East stability. Brent crude jumped 13% to $78.50 per barrel, a boon for Russia's economy. Ukrainian President Zelenskyy cautioned that this surge could bolster Russia's military strength in Ukraine, complicating Western support amid the ongoing conflict.