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Economic Expert: Rising Oil Prices Signal New Inflation Wave
Global oil prices have returned to levels ranging between $96 and $100 per barrel, fueling expectations of a new wave of inflation in the global economy. The rise in oil prices has led to increased transportation and insurance costs, especially due to geopolitical tensions between Iran and the United States that have caused disruptions in energy supplies. This results in higher production costs and a negative impact on various economic sectors, with inflationary pressures mounting on oil-importing countries.
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