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The conflict continues to roil global energy markets. On Wednesday, an attack on Iran's South Pars gas field sent energy prices soaring.
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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Oil prices are rallying again as the market fears Israel and Iran will escalate attacks on Middle East energy infrastructure.
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The South Pars gas field, hit by airstrikes on Wednesday, is central to the energy supply of Iran, which was already suffering blackouts before the war.
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The strikes on a gas field in Iran and an industrial complex in Qatar appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began.
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Also, oil prices jump after airstrikes hit a crucial energy site. Here's the latest at the end of Wednesday.
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