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Oil and broader risk sentiment are pressured as Gulf tensions flare: Iran reportedly fired on ships, prompting a “massive” retaliatory missile strike by President Trump. With “game on” expectations returning, futures are mixed but the escalation risk is likely to keep volatility elevated, particularly via potential energy-price impacts.

Analysis

Oil and broader risk sentiment are pressured as Gulf tensions flare: Iran reportedly fired on ships, prompting a “massive” retaliatory missile strike by President Trump. With “game on” expectations returning, futures are mixed but the escalation risk is likely to keep volatility elevated, particularly via potential energy-price impacts.