Oil prices rose above $79 per barrel following new military strikes between the United States and Iran, according to Gulf News. The escalation in tensions caused market volatility and revived concerns about inflation. The report highlights the impact of geopolitical events on energy markets and the broader economy.
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Oil price increase above $79 is a key economic metric.
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Oil rises above $79 as fresh US-Iran strikes affect markets, renew inflation concerns - Gulf News
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