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Market Impact: 0.7
Latest Oil Market News and Analysis for September 7
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside the Strait of Hormuz, heightening fears of longer disruptions to energy flows through the chokepoint. The developments raise the probability of sustained supply risk for crude shipments via the region.
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