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US-Iran tensions lift oil to 7-month high

Oil prices hovered near seven-month highs as investors awaited the outcome of high-stakes US-Iran nuclear talks in Geneva.

A gas pump is seen on Nov. 26, 2025 in Austin, Texas. — Brandon Bell/Getty Images

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Airlines have stopped flying to parts of the Middle East and oil prices rose to seven-month highs as US-Iran tensions rise. Additionally, JPMorgan Chase, one of the world’s largest banks, announced that it will remove the United Arab Emirates from its emerging market bond indexes.

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