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Market Impact: 0.62

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

Energy Markets & PricesCommodity FuturesGeopolitics & WarFutures & Options

July WTI crude oil rose $0.37 (+0.42%) and July RBOB gasoline gained $0.0168 (+0.55%) as prices rebounded from early losses after US forces struck Iranian military targets for a second time this week. The move reflects heightened geopolitical risk and support for energy prices amid renewed Middle East tensions.

Analysis

July WTI crude oil rose $0.37 (+0.42%) and July RBOB gasoline gained $0.0168 (+0.55%) as prices rebounded from early losses after US forces struck Iranian military targets for a second time this week. The move reflects heightened geopolitical risk and support for energy prices amid renewed Middle East tensions.

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