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Market Impact: 0.4
Are We Misreading The Oil Demand Shock From Hormuz?
Source: forbes.com
Geopolitics & WarEnergy Markets & Prices

Following US and Israeli strikes on Iran, market expectations formed that oil would spike briefly and then revert toward pre-war levels after the Strait of Hormuz reopens. The implied takeaway is a near-term supply-risk-driven price shock with a normalization scenario, but with underlying risk that delays or escalation could prolong higher crude prices.
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mildly negative
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