Configuring virtual network peering between VNetA and VNetB enables direct connectivity between resources in both virtual networks, with the lowest possible latency and without the need for additional gateways. Peering allows the virtual networks to appear as one for connectivity purposes.
Setting up a site-to-site VPN connection involves deploying VPN gateways in each virtual network, which introduces additional latency and cost. An Azure Load Balancer is used for distributing incoming traffic to resources within a single virtual network, not for connecting two virtual networks. Assigning public addresses for communication is not recommended due to security risks and does not enable direct private communication between resources.
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Microsoft Azure Administrator Associate AZ-104
Configure and manage virtual networking
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