IllustrativeOil prices swing wildly as Iran war threatens transport routes and production across Middle East
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A potential war in Iran is reportedly threatening oil transport routes and production across the Middle East, causing oil prices to fluctuate significantly. The impact on oil prices is being felt in various regions, with gas prices rising in some areas. The situation is described as a major threat to the global economy, with uncertain outcomes predicted, ranging from a possible recession to a potential surge in growth.
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