The US-Iran conflict remains a key global market concern, although diplomatic efforts are continuing. Mediators are holding separate discussions with US and Iranian officials as both sides explore possible terms for ending the conflict and easing restrictions around the Strait of Hormuz.
The Strait of Hormuz remains important for global energy supplies, and uncertainty over shipping through the waterway has contributed to volatility in crude prices. Any progress in negotiations could influence oil-market expectations, while a renewed escalation could keep supply concerns elevated.
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