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Oil prices rise further as Israel-Iran extends into fourth day

Energy Daily Monday, 16 June 2025 ()
Oil prices rise further as Israel-Iran extends into fourth dayHong Kong (AFP) June 16, 2025

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further into the red the losses were limited on hopes that the conflict
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