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Market Impact: 0.6
Crude Oil Soars As Expectations Of U.S.-Iran Peace Talks Diminish
Source: Nasdaq
Energy Markets & PricesGeopolitics & War
Crude oil prices surged Tuesday, reversing Friday's decline, as expectations for a reopening of the Strait of Hormuz faded. Continued attacks between U.S. forces and Iran heighten risks to a critical oil-shipping corridor, supporting crude prices and increasing the risk of broader energy-market disruption.
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