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Live: Israel Strikes Iran | Crude Soars, Hormuz Threat Looms; Impact on oil, gold, Indian markets

As Israel launches major strikes on Iran, global markets react sharply. Crude oil has soared 13%, raising fears of a potential shutdown of the Strait of Hormuz. Experts now warn that oil could spike to $120 per barrel. Gold prices are also climbing amid a global safe-haven rush.

first published: Jun 13, 2025 10:30 am

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