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Market Impact: 0.8
US, Iran Exchange Strikes for First Time in About a Month
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
The US and Iran exchanged attacks again, with US forces striking an island in the Strait of Hormuz and Iran launching attacks targeting the UAE and Jordan. The renewed escalation in a key chokepoint raises near-term risk premiums for the region and can quickly spill into oil/energy prices and supply-chain risk.
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