Bessent defended recent US military actions, while former President Donald Trump issued a warning concerning the Strait of Hormuz, underscoring heightened geopolitical risk. The combination of political and military rhetoric increases downside risk to oil markets and could prompt modest risk-off moves in energy and defense sectors.
Bessent defended recent US military actions, while former President Donald Trump issued a warning concerning the Strait of Hormuz, underscoring heightened geopolitical risk. The combination of political and military rhetoric increases downside risk to oil markets and could prompt modest risk-off moves in energy and defense sectors.
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