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Oil prices jump more than 3%, adding to last week's surge, as Israel strikes Iran energy facilities

1. Israeli strikes on Iran's gas facilities caused crude oil prices to surge. 2. U.S. crude oil rose 3.7% to $75.67 per barrel post-strikes. 3. Geopolitical tensions could disrupt energy supplies from the region significantly. 4. Oil prices increased 13% over the last week amid ongoing conflict. 5. Iran may threaten to close the Strait of Hormuz, impacting global oil flow.

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FAQ

Why Very Bullish?

Escalating geopolitical tensions typically result in higher oil prices, as seen in past conflicts.

How important is it?

The ongoing conflict in Iran directly affects oil supply, elevating demand for crude oil related investments.

Why Short Term?

Immediate impact expected as market reacts to geopolitics; however, long-term effects depend on resolution.

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