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Market Impact: 0.78
Latest Oil Market News and Analysis for Sept. 9
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply ChainCommodities & Raw Materials
Oil extended gains after Fox News reported that the US struck targets near Iran's Kharg Island, a critical crude-export hub. The escalation raises the risk of supply disruptions through the Strait of Hormuz, a key global oil transit chokepoint, with potentially broad implications for energy prices and risk assets.
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