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[MARKET UPDATE] Crude futures edge higher amid wider airing of the Axios reports that the Trump administration is closer to a major war with Iran than people realise; WTI and Brent April both at fresh session highs

The reports suggesting that the Trump administration is moving closer to a significant conflict with Iran have initiated a rally in crude futures, pushing WTI and Brent prices to session highs.

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[MARKET UPDATE] Crude futures edge higher amid wider airing of the Axios reports that the Trump administration is closer to a major war with Iran than people realise; WTI and Brent April both at fresh session highs

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The Trump administration is closer to a major war with Iran than people realise, Axios reports citing sources; a military operation would likely be a massive, weeks long campaign that will be a joint US-Israeli attack

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This geopolitical tension creates uncertainty in energy markets and could lead to sustained price increases, particularly if tensions escalate, affecting risk sentiment across broader markets and potentially boosting safe-haven assets like gold.

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