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Brent Crude Hits Record High of $107 Per Barrel Amid Global Supply Shock
Global oil prices surge to $107 per barrel for the first time since May, driven by concerns over the ongoing Iran war, and bond yields also surged in response.
Global oil prices surged to $107 per barrel, the highest level since May, amid concerns over a prolonged supply shock due to the ongoing conflict in Iran, leading to increased volatility in global markets and rising bond yields.
Brief written with AI from reporting by CNN. All rights to the original story belong to the publisher.
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