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Crude Oil Surges Amid Uncertainty Over Strait Of Hormuz Reopening After Fresh U.S.-Iran Attacks
Source: Nasdaq
Geopolitics & WarEnergy Markets & Prices
Crude oil prices surged Monday after the U.S. resumed attacks on Iran following a month-long pause, with Iran retaliating and raising fears of a wider Gulf escalation. The news is likely to be sector- and macro-relevant via higher energy price risk, shifting markets to a more risk-off posture.
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