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Tuesday, July 23, 2019

US-Iran confrontation

Energy market: oil prices?
     Trump withdraws the US from Iran nuclear agreement and imposes sanctions on Iran. Tension rises: US aircraft carrier in the Gulf. British detention of Iran tanker in Gibraltar is followed by Iran detention of British tanker at the Strait of Hormuz. Over 100 oil tankers go through the strait every year.
     The growing tension affects world energy market. Malaysia is concerned. Oil prices?

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