Oil price surges back above $100 mark as supply concerns outweigh Iran ceasefire

Oil prices surged back above $100 a barrel as market sentiment shifted from de-escalation optimism to caution. Despite a US-Iran ceasefire, shipping through the Strait of Hormuz remains subdued due to ongoing security concerns and uncertainty, keeping supply risks elevated and prices volatile.

from Markets-Economic Times https://ift.tt/lJwO1jP
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