War in the Middle East: economic impact around the world
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The ongoing war in the Middle East has led to significant economic impacts globally. Oil prices surged by approximately 30% in Asian trading, with Brent crude up 41% since the war began. G7 finance ministers are discussing the potential release of strategic oil reserves. Meanwhile, transport and tourism sectors are affected, with flight cancellations and shipping disruptions reported. Countries like Croatia and South Korea have imposed fuel price caps, while China has halted diesel and gasoline exports. The situation continues to evolve as nations respond to the crisis.
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