Iran promises to continue the war for another months and the powers of the West reduce production – oil markets flew into the air

The countries bordering the Persian Gulf are engaged in their ninth day of fighting following a sustained barrage of missiles and drones originating from Iran. Tehran has stated it may continue the conflict for several more days. Simultaneously, oil producers in the region have begun reducing production levels, triggering significant volatility in global energy markets.

The escalation of tensions between Iran and its neighbors has had a pronounced impact on worldwide energy prices.

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