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Red Sea conflict set to impact global oil prices

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How are market analysts reacting to the rising Middle East tensions?

Concerns about supply disruptions and subsequent spikes in oil prices, particularly in key oil-producing regions, have been flagged following the growing Middle East tensions.

Despite the conflict, oil prices have managed to remain relatively stable for the time being due to efforts by major oil-producing nations.

According to experts, the situation remains fragile, and any further escalation of tensions could quickly unsettle the market.

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