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Following Iran's missile attacks on Israel, oil prices have surged significantly, with Brent crude surpassing $81 a barrel. The geopolitical tensions have raised concerns about potential disruptions in oil supply, particularly from Iran, as analysts predict fluctuating prices due to oversupply and weak demand, especially from China.
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As Europe experiences record negative electricity prices due to excess renewable energy, experts warn of potential profitability issues for clean energy companies. Meanwhile, rising electricity demand in the U.S. could lead to significant price increases, highlighting the need for better infrastructure and planning in the energy sector.
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Iran's Foreign Minister Abbas Araghchi has cautioned Saudi Arabia against allowing Israel to use its airspace for attacks on Iran. This warning comes amid escalating tensions following recent military actions involving Israel, Iran, and Hezbollah, raising concerns about potential regional conflict.