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Sep 2 at 03:26 AM
The U.S. Central Command struck Iranian Revolutionary Guard targets on Tuesday; Iran retaliated against U.S. bases in Jordan and Bahrain. Oil prices surged over 5%, with WTI settling up 5.20% at $90.22; Brent crude rose 4.6% to $94.65, hitting a new high.
Geopolitical uncertainty and concerns over the economic outlook are causing confusion and reckless bets among investors.
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