IRAN’S parliament has voted to block the Strait of Hormuz in a move that could drive a spike in oil prices similar to levels last seen in 2022...
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- FINANCIALMIRROR.COM - A La Une - 23/Jun 09:19
Geopolitics overshadow data releases
Markets turned risk-averse at the beginning of the week as geopolitical tensions in the Middle East escalate further following the US bombing of several Iranian nuclear sites over the weekend. Preliminary June Purchasing Managers Index (PMI) data releases from the Eurozone, the UK and the US will be featured in the economic calendar on Monday. Policymakers from the European Central Bank and the Federal Reserve will also be delivering speeches throughout the day. Oil prices shot higher at the weekly opening after Iran’s parliament approved a measure to close the Strait of Hormuz, a key sea passage through which around
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