Iran's Ahwaz oil refinery has reportedly been struck in a suspected US airstrike
The reported strike on Iran's Ahwaz oil refinery raises concerns about escalating tensions in the region, which could disrupt oil supplies.
[MARKET UPDATE] Gold rises back above USD 5,400/oz after initially finding resistance at the level, with upside fuelled by geopolitics
JPMorgan tells clients to use geopolitical weakness to add, as fundamentals are constructive
Iran's Ahwaz oil refinery has reportedly been struck in a suspected US airstrike
US embassy in Bahrain says 'terrorist groups' plotting attacks on US citizens, Al Jazeera reports
Citi upgrades UK equities on Middle East conflict due to commodity and aerospace exposure
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This event may lead to a spike in oil prices if market fears of supply shortages mount, impacting not just WTI but also broader energy markets. Traders should monitor the situation closely as developments could shift sentiment and bring additional volatility across commodities.
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