Oil prices have risen amid escalating tensions between the United States and Iran, along with expectations of a US interest rate hike. Concerns over potential supply disruptions tied to intensified conflicts in the Middle East have fueled this increase. On prediction markets, the probability of crude oil reaching a new all-time high by December 31 has risen from 12% to 13%. Statements from influential figures like Kevin Warsh suggesting potential rate hikes have contributed to market volatility.
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