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Markets update: Irish stocks plunge as investor concerns mount over Middle East conflict

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Shares in some of the largest companies on the Irish stock exchange are down sharply this morning

Financial markets have opened in the red as investors grow increasingly anxious over rising tensions in the Middle East, and the potential of the ongoing conflict between Israel and Hamas to drive up oil prices and fuel another wave of inflation.

As the war in the Middle East intensifies, oil prices have increased almost 5 per cent over the last week with Brent crude oil, the global benchmark, now standing at just under $90 a ...

 

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