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Market Impact: 0.7
Wall Street Poised For Lower Open Amid Growing Energy Supply Squeeze
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
Oil prices are rising amid concerns that escalating regional attacks, particularly involving Saudi Arabia, could disrupt supplies. Shipping through the Strait of Hormuz has been highly restricted, creating a material risk to global crude flows and potentially supporting energy prices.
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