India, Sept. 29 -- US-Israel-Iran War Latest Live News: The economic fallout from the ongoing US-Israel-Iran conflict remained in focus on Tuesday, September 29, with New Zealand Foreign Minister Winston Peters pointing to inflation, tariff changes and restricted oil supplies through the Strait of Hormuz as major pressures on the global economy.

At the same time, oil prices climbed for a second consecutive session, with Brent crude rising above $106 a barrel as concerns over Middle East supply disruptions continued to outweigh signs of recovering regional crude exports. Reuters reported that Brent crude rose $1.49, or 1.4%, to $106.77 a barrel, while US West Texas Intermediate (WTI) gained $1.34, or 1.5%, to $93.94.

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