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A major escalation in attacks on energy infrastructure during the Iran war has sent oil prices higher and global stocks back into the red.
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The Iran war has caused turmoil to cargo routes through the Middle East, as shipping and airports have been targeted.
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Asian technology stocks fell on Thursday as Iran's latest attacks on Qatar's Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment.
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Hedge funds are getting battered by a sharp spike in oil prices and a broad market selloff unraveling crowded trades as the Iran war continues.
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The conflict continues to roil global energy markets. On Wednesday, an attack on Iran's South Pars gas field sent energy prices soaring.
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Iran's military warned it would take "decisive action" in response to the strike on its energy infrastructure.
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Oil prices are rallying again as the market fears Israel and Iran will escalate attacks on Middle East energy infrastructure.
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With oil supply disrupted, Beijing's oil reserves and renewable energy push are being put to the test.
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Also, oil prices jump after airstrikes hit a crucial energy site. Here's the latest at the end of Wednesday.
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It's not just oil tankers stranded near the Strait of Hormuz. U.N. aid shipments are also hindered by the war in Iran.
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