In the 160-year history of wars and oil prices, conflicts like the American Civil War and the Second Arab-Israel war have led to significant increases in oil prices. Despite relatively muted increases during subsequent conflicts and Russia’s invasion of Ukraine, prices still more than doubled. The current conflict involving Iran, Israel, Hezbollah, and the United States mirrors past events, like Egyptian President Gamal Abdel Nasser’s closure of the Suez Canal in 1956-57, impacting global oil supply.
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Why Globe Life Stock Rocketed Almost 7% Higher Today
Globe Life (NYSE: GL) saw its stock price jump nearly 7% after being cleared of a regulatory investigation by the Department of Justice, which confirmed no enforcement action would be taken against the company. This positive news followed recent analyst updates and came after Globe Life had disclosed the probe's conclusion the previous week. Want More Context? 🔎
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