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OIL MARKETS ARE WATCHING THE HORMUZ ROUTE
Uncertainty around US-Iran negotiations is keeping attention on one of the world’s most important oil shipping routes.
With the Strait of Hormuz still a key concern and reports of shipping incidents adding to caution, energy traders have plenty to monitor. Brent reportedly climbed around 3.3% to nearly $96 on November 12.
For oil, developments on the ground may matter more than market expectations.
#TrumpDownplaysIranDeal
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