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Market Impact: 0.7
Oil Up, Stock Futures Slip as Iran Offer Rejected: Markets Wrap
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesFutures & OptionsInvestor Sentiment & Positioning
Oil prices advanced and US equity futures declined after President Trump rejected Iran's latest proposal to reopen the Strait of Hormuz. Although Trump said negotiations could resume this week, the continued disruption risk to a critical global oil-shipping route is driving risk-off market positioning and supporting crude.
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