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Story summary
- Oil prices surged about 20% on March 13, 2026, amid the ongoing conflict between the U.S.-Israeli coalition and Iran.
- European stocks are set for a two-week decline, with the Stoxx Europe 600 closing 0.5% lower.
- Mining and bank stocks underperformed as inflation fears grew.
- The Pentagon has deployed additional forces in the region, while Iran increased attacks on the Strait of Hormuz, escalating tensions and volatility.
