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🚨 Market Alert: Global Tensions Spike! Oil Prices & Strait of Hormuz Situation
The market is in a very sensitive mode right now, guys. The conflict between the US and Iran has become even more intense. In just one week, the US has launched strikes on Iran for the fourth time. The biggest confusion right now is about the Strait of Hormuz—Iran says it is closed, while the US military says this waterway is still open.
Its direct impact is being seen on global commodities:
* Fearing supply disruptions, Brent crude rose 4.4% to above $79 per barrel.