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Crude Oil Prices Climb Amid US-Iran Tensions, Stock Markets Decline
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Oil Surges on US-Iran Tensions, Stocks Retreat Amid Hawkish Fed Outlook
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Moneycontrol
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19-02-2026, 23:05
Oil Surges on US-Iran Tensions, Stocks Retreat Amid Hawkish Fed Outlook
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Oil prices climbed due to concerns that US-Iran nuclear talks may fail, threatening global supplies.
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US President Donald Trump hinted at a strike on Tehran, with a military buildup in the Middle East unnerving investors.
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Brent crude surpassed $70 a barrel, and US benchmark WTI reached a six-month high.
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Stock markets in Europe and the US fell, influenced by hawkish Federal Reserve minutes suggesting potential rate hikes.
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Asian markets, particularly Seoul, saw gains, driven by tech stocks after the Lunar New Year break.
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