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Oil Heads for Weekly Gains on Iran War Risks
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
Oil is set for its biggest weekly gain since July as renewed US-Iran hostilities raise fears of prolonged disruption to energy flows through the Strait of Hormuz. The risk premium for potential supply interruptions is expected to support prices over the week, with broad downside risk to energy-linked costs and sentiment.
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