Industry Newsenergy marketsoil pricesgeopoliticsai chip exports
Middle East Conflict Drives Global Energy Markets
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European and U.S. markets reacted on Friday as the U.S. granted India a 30-day waiver to buy Russian oil and considered emergency measures, including tanker insurance guarantees and a possible Strategic Petroleum Reserve release. Crude fell over 1% in Asian trade but was set for its largest weekly gain (over 15%) since February 2022 amid escalating Middle East strikes and broader geopolitical disruption to energy supplies.
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