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geopoliticsbullishWTIPublished Jul 30, 2026, 2:00 PM

Oil Prices Surge on Middle East Supply Fears

Oil Prices Surge on Middle East Supply Fears
Oil jumped as much as 7% on July 29 amid resumed airstrikes and widening U.S.-Iran conflict, with prices remaining near one-month highs on July 30 despite some pullback as tankers continue through conflict zones. Escalation raises risks to global crude supplies via Hormuz and other routes.

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