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Oil prices spike and then plunge amid Iran uncertainty - The Washington Post
Overview
Strikes and other shocks have produced sharp spikes and reversals in oil prices, complicating policy responses such as reserve releases. The new forecast that prices could hit $130–$140 if the Strait stays closed highlights why mixed policy signals and unclear coordination could trigger extreme volatility, with fast spikes followed by equally abrupt corrections.
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ORGTrump administrationORGThe Washington PostORGG-7LOCIranRussia
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