Summary:
Oil prices and the global economy are always correlated with a two way relationship. Rising oil prices had been a major concern in the global economy. The rising war tensions between Iran and Israel had sent fear into the global economy. US will be aiding Israel militarily against Iran. All these episodes had sent fear into the global economy increasing oil prices. With these fear adding on to the past episodes of geopolitical shock in Middle East, and global financial crisis, it will send oil prices increasing which may trigger a round of global recession.
Oil prices and the global economy //are always correlated with a two way relationship. (rephrase)\\ Rising oil prices had been(tense) a major concern in the global economy. The rising war tensions between Iran and Israel had sent(tense) fear into the global will be aiding Israel militarily against Iran. All these episodes had sent(tense) fear into the global economy increasing oil prices. With these(wrong word) fear adding on to the past episodes of geopolitical shock in (^)Middle East, and global financial crisis(word form), it will send oil prices increasing which may trigger a round of(red)global recession.
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