The price of Brent crude, the global benchmark, has held steady at around $109 a barrel, as the international community grapples with the escalating situation in the region. This latest development comes on the heels of President Trump’s warnings to target key Iranian infrastructure, which has sent shockwaves through the oil market. As a result, oil prices have skyrocketed by nearly 50 percent since the conflict began, leading to a significant increase in fuel costs worldwide and prompting governments to take drastic measures to conserve energy resources.
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