The US-Iran conflict continues to influence global financial markets, with both sides still divided over how to end the war. Iran has indicated that it remains open to diplomatic efforts, but there has been no immediate agreement on the conditions for resolving the conflict. Oil prices rose sharply in the previous session before easing on Thursday following the latest diplomatic signals.
The situation around the Strait of Hormuz remains important for global energy supplies. Any prolonged disruption to shipping through the route could affect crude prices, transportation costs and inflation, while signs of progress in diplomacy could reduce some of the supply concerns.
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