The increase in oil price is detrimental to the global economy in this treacherous climate. Furthermore, the situation in Iran and Israel has cause panic to the West despite ample supply of oil. The rise of oil prices is directly related to the tensions in the Middle East as seen from the last three global recessions. Adding on, the operation to cease Iran's nuclear ambitions is supported by the US, thus leading to more anxiety in the region.
...Furthermore, the situation in Iran and Israel has cause(verb form) panic to the West despite (^)ample supply of oil. The rise of oil prices is directly related to the tensions in the Middle East as /seen from(wrong words)/ the last three global recessions. /Adding on (rephrase)/, the operation to cease Iran's nuclear ambitions is supported by the US, thus leading to more anxiety in the region.
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