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Breaking Posted 12 hours ago

Oil Trades Choppy Amid Iran-U.S. Deal, Shipping Recovery Signs

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Oil prices remained volatile Friday with no sharp directional move, as markets digested an interim Iran-U.S. deal and early signs of recovering shipping activity through key trade routes. No specific price levels were cited, reflecting cautious market positioning. Oil-linked currencies such as CAD, NOK, and RUB are most exposed. USD/CAD is the primary pair to watch — easing supply fears from a potential Iran deal could pressure crude, weakening CAD, while shipping normalization adds conflicting upside pressure.
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