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Breaking Posted 3 hours ago

US oil surges 20% in 15 days amid Iran tensions

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US crude has rallied over 20% in 15 days as Iran geopolitical tensions escalate, with Brent approaching $90/bbl. Rising oil prices typically weaken USD through lower real rates and energy-import concerns, pressuring USD/JPY and benefiting commodity-linked currencies like CAD and AUD, though current market focus remains on tech earnings and rate-path repricing ahead of Tuesday's CPI print.
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