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Evening Standard

Business

Anna Wise

Oil rises and stock markets under pressure as Middle East conflict steps up

Oil Iran Israel

The UK’s FTSE 100 was down about 0.3% in early trading (Jonathan Brady/PA) - (PA Wire)

Oil prices have risen and stock markets are under pressure as hostilities resumed between Israel and Iran after a fresh round of airstrikes.

Investors reacting to the conflict was helping fuel a downturn in the world’s financial markets.

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