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0 Views • Dec 11, 2024 • Click to toggle off description
Oil prices have found a crucial support level, and much of it comes down to the Middle East. In this short, we explore the strategic significance of the Strait of Hamuz, where a third of the world’s oil travels through, and the growing military tensions in the region, particularly with Iran’s control over surrounding islands. As geopolitical issues escalate in Syria and with Hezbollah, disruptions to oil supply could push prices higher, even with demand staying the same.

We’ll dive into how these developments impact global oil prices, why this region is so vital for energy markets, and what traders should keep an eye on to anticipate price movements.

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#marketwakeup #macroeconomics #oil
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Genre: News & Politics
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Uploaded At Dec 11, 2024 ^^


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RYD date created : 2025-02-07T05:16:17.4931504Z
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