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WTI Crude Surges as US-Iran Clashes Threaten Global Oil Supply

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The Story

News Summary

  • WTI crude oil surged nearly 3% as direct US-Iran military clashes stoked fears of severe shipping disruptions in the Strait of Hormuz.
  • Additional upward momentum comes from Ukrainian drone strikes slashing Russian refining capacity and the IEA forecasting wider Q3 global supply deficits.
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Stored market data

WTI price history

101.21 +70.27% over the displayed period

Advisor Snapshot

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