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The Nexus
WORLDApr 10 · 09:30 UTCAXIOSEmily Peck

How the Iran war could create a new global order in oil

The Iran war has disrupted the global oil market, causing oil prices to rise by 50% and creating potential long-term shifts in energy dynamics. Historical precedents like the 1973 oil crisis suggest such shocks could lead to permanent economic changes and geopolitical realignments.

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