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Market Impact: 0.9

Oil Holds Gain as Trump Casts Doubt Over Ceasefire With Iran

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain

Oil surged by the most in four years as the US-Israeli war against Iran drove the global crude market into turmoil and effectively closed the Strait of Hormuz. The disruption threatens a critical chokepoint for global energy flows, implying a sharp shock to crude supply and elevated volatility across energy and transport markets.

Analysis

Oil surged by the most in four years as the US-Israeli war against Iran drove the global crude market into turmoil and effectively closed the Strait of Hormuz. The disruption threatens a critical chokepoint for global energy flows, implying a sharp shock to crude supply and elevated volatility across energy and transport markets.

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strongly negative

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