US-Iran Escalate Airstrikes as Oil Prices Risk Surging Past $70 Amid Middle East Tensions

According to local media reports, tensions between the United States and Iran have escalated with exchanges of airstrikes, reigniting war concerns across the Middle East. Oil prices face renewed upward pressure as shipping through the Strait of Hormuz—a critical corridor for global crude supplies—faces potential disruptions from the escalating conflict.
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