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With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart

May 26, 2026Center Left

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recessionIf a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic Fury, it will not be a day too soon for oil markets, which are approaching a dangerous tipping point.The cost of a barrel of crude on the…

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