Geopolitics7 June 2026
Oil surges past $104 as Iran war drags on despite ceasefire talks
via BNN Bloomberg
Brent crude climbed 2.9% to $104.21 after Trump said US-Iran ceasefire was on 'life support' following rejection of Iran's latest proposal. Prolonged conflict threatens Strait of Hormuz oil flows, sustaining elevated crude prices. Traders should watch energy sector equities, inflation-sensitive FX pairs (USD strength), and potential Fed policy shifts if oil-driven inflation persists.
Original source
BNN Bloomberg
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