Oil climbs past $110 as Middle East tensions widen and diplomats depart

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Source: CNBC
Oil climbs past $110 as Middle East tensions widen and diplomats depart
Photo: CNBC
TL;DR Summary

Oil prices surged above $110 a barrel as the U.S. ordered non-emergency staff to leave Saudi Arabia amid escalating Middle East conflict tied to Iran’s leadership changes and disputed energy supply disruptions, with production cuts and Hormuz disruptions fueling market volatility and a potential longer-run energy shock.

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