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Market Impact: 0.68

Oil Prices Soar as Iran Shuts Down US-Iran Ceasefire Negotiations

Energy Markets & PricesCommodity FuturesGeopolitics & WarSanctions & Export Controls

July WTI crude oil is up $6.21, or 7.11%, and July RBOB gasoline is up $0.1004, or 3.31%, after reports that Iran halted the exchange of messages with the US. The move reflects a sharp geopolitical risk premium in energy markets tied to Middle East tensions. The headline is likely supportive for crude, refined products, and broader energy equities.

Analysis

July WTI crude oil is up $6.21, or 7.11%, and July RBOB gasoline is up $0.1004, or 3.31%, after reports that Iran halted the exchange of messages with the US. The move reflects a sharp geopolitical risk premium in energy markets tied to Middle East tensions. The headline is likely supportive for crude, refined products, and broader energy equities.

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strongly positive

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0.72