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Market Impact: 0.55
Latest Oil Market News and Analysis for Sept. 3
Source: Bloomberg
Geopolitics & WarEnergy Markets & Prices
Oil steadied after a three-day rally as President Trump said renewed attacks on Iran would be short-lived, while reiterating that the US controls the Strait of Hormuz. The comments are likely to influence crude risk premia tied to shipping/strait disruption expectations, but the near-term direction remains uncertain given the Iran escalation backdrop.
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