Quartz·1 min read·medium

Oil jumps 5% as Trump reportedly weighs Iran strikes before midterms

Cris Tolomia
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Brent crude oil prices rose to $105 per barrel following reports that the White House is considering military strike options against Iran. The potential for conflict ahead of the November elections has introduced significant volatility into energy markets.

Why it matters

Geopolitical tensions in the Middle East directly impact global energy costs and inflation, affecting economic stability worldwide.

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Brent crude topped $105 a barrel Thursday after reports that the White…

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