Oil prices rose for a third straight session as the U.S. and Iran escalated their standoff over control of the Strait of Hormuz, increasing fears of prolonged energy-supply disruptions. The risk of extended shipping interruptions is likely to support crude while adding downside risk to broader risk assets.
Oil prices rose for a third straight session as the U.S. and Iran escalated their standoff over control of the Strait of Hormuz, increasing fears of prolonged energy-supply disruptions. The risk of extended shipping interruptions is likely to support crude while adding downside risk to broader risk assets.
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mildly negative
Sentiment Score
-0.30
