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🔴 Oil prices surged ~12%, with U.S. crude hitting around $75+/bbl amid rising Middle East tensions and risks to supply routes.
🔴 Gold prices are climbing as investors seek safe havens amid geopolitical uncertainty.
🔴 Gulf markets, including UAE exchanges, have halted trading following escalating strikes and threats around the region.
🔴 Major shipping lines, including carriers like Maersk, are suspending transit through the Strait of Hormuz due to safety concerns and effective shutdown of navigation.
Global markets are reacting to heightened risk in energy, commodities, and trade flows.
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