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Oil prices have started to slip — but not necessarily for reasons that suggest a return to market normalcy
For most of the past week, markets have traded as though the war with Iran were already over. The S&P 500 just hit its third-straight record high and the Nasdaq Composite is on its longest winning streak since 1992.
The Iranian conflict has shifted the global oil market from oversupply to a shortage of 750,000 barrels per day
Stocks rallied to new highs on Wednesday. Investors are ready to put the war behind them but some note that oil prices are still an obstacle.
After the president told Fox Business he'd be 'very surprised' if crude stayed at $92, Iran declared the Strait of Hormuz 'completely open.' There's a catch.
By Shadia Nasralla, Stephanie Kelly and Dmitry Zhdannikov LONDON, April 17 (Reuters) - The trading desks of Europe's top three oil majors have reaped billions of dollars from the energy supply crunch caused by the Iran war,
Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
Despite start of military operations to intercept ships region, investors still expect U.S. and Iran to find an off-ramp.