Crude oil prices continued to surge on Tuesday after skyrocketing yesterday, driven by ongoing shutdown of the Strait of Hormuz and renewed supply disruption concerns. The prospect of U.S.-Iran peace talks remains subdued, keeping geopolitical risk elevated and supporting oil markets. The move has broad implications for energy prices, commodity markets, and shipping flows.
Crude oil prices continued to surge on Tuesday after skyrocketing yesterday, driven by ongoing shutdown of the Strait of Hormuz and renewed supply disruption concerns. The prospect of U.S.-Iran peace talks remains subdued, keeping geopolitical risk elevated and supporting oil markets. The move has broad implications for energy prices, commodity markets, and shipping flows.
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moderately positive
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0.55
