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Iranian spokesperson of the Supreme Leader says Iran will reopen the Strait of Hormuz after the war with the US and Israel ends, TASS reports

The statement regarding the reopening of the Strait of Hormuz post-conflict could suggest reduced tension in a critical shipping lane for oil, which is vital for global energy supplies.

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Iranian spokesperson of the Supreme Leader says Iran will reopen the Strait of Hormuz after the war with the US and Israel ends, TASS reports

Three Iran-linked tankers, including one crude oil supertanker have sailed through the Strait of Hormuz in the past 24 hours, according to shipping data; one sanctioned gas tanker and one dry bulk ship is in the process of shipping out of the Strait

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While this may initially stabilize energy prices, market interpretation will depend on investor sentiment toward the likelihood and timing of any actual resolution to the conflict. Traders should consider implications for oil prices and broader market risk sentiment as developments unfold.

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