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Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal

Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make…

Source OilPrice AI Summary Updated 3h 56m ago

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Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows through the Strait of Hormuz would only increase, analysts at ING said on Thursday. Oil prices surged by over 5% on Wednesday, gaining 7% at one point to a two-week…

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