A last-minute two-week ceasefire agreement between the U.S. and Iran removed near-term supply-disruption risk, sending crude oil prices into a sharp decline. The reduction in geopolitical risk premium is likely to pressure energy-sector prices and weigh on oil producers in the near term.
A last-minute two-week ceasefire agreement between the U.S. and Iran removed near-term supply-disruption risk, sending crude oil prices into a sharp decline. The reduction in geopolitical risk premium is likely to pressure energy-sector prices and weigh on oil producers in the near term.
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mildly negative
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