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Independent UK financial coverage with full source attribution.
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US-Iran military clashes in Strait of Hormuz whipsaw oil markets
A volatile European session dominated by conflicting signals from US-Iran military clashes and concurrent diplomatic negotiations, with oil prices swinging sharply and equities mixed.
US military strikes Iranian targets; Brent surges 2.34% to $98.39
A volatile overnight session dominated by conflicting US-Iran signals, lifting crude and complicating European open sentiment.
Brent crude falls 5% on US-Iran deal hopes despite Trump walk-back
Brent crude fell to $97.94 a barrel after Trump signalled a US-Iran framework was largely negotiated, though the White House later cautioned against rushing a deal; gold and Asian equities rallied.
Brent falls below $100 as US-Iran Hormuz deal seen imminent
An active overnight session dominated by US-Iran nuclear deal optimism, sharp oil price declines, and mixed Asian equity moves amid thin holiday liquidity.
Iran peace signals drop Brent 5%, but Hormuz reopening months away
Bearish near-term for crude (Brent, WTI) and bullish for oil-importing equities and currencies including Indian Sensex, Nifty 50, and INR; gold, silver, platinum, and palladium advanced on residual uncertainty