Oil prices rise after Trump warns Iran talks time running out

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Published: 1 hour ago

Oil prices surged following Trump's warning that the 'clock is ticking' on Iran peace negotiations. The critical Strait of Hormuz waterway remains effectively closed, creating volatility in energy markets. Rising oil prices typically strengthen commodity-linked currencies like CAD and weaken oil-importing nations' currencies like JPY. Energy market disruptions often trigger risk-off sentiment affecting major pairs.

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