Oil markets are bracing for sharp price spikes after the US-Israel attacks on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge. The US-Israel attack on Iran and Iran's aggressive response have unnerved oil markets, with many analysts predicting a massive rise in oil prices. While Iran is responsible for just 3-4% of global oil output, its proximity to the Strait of Hormuz, co... [6134 chars]
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