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Markets are reacting to uncertainty surrounding President Donald Trump’s Iran deadline. Tentative ceasefire signals are battling fears of conflict escalation. Brent crude oil prices are fluctuating. Asian shares saw gains, led by technology stocks. President Trump stated talks are progressing but stressed freedom of navigation.
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Oil prices climbed Tuesday as President Trump intensified threats against Iran over the Strait of Hormuz. Iran rejected a ceasefire, demanding a permanent end to the war, while disruptions to oil flows and damaged energy facilities continue to support prices. The UN Security Council is set to vote on a resolution concerning commercial shipping in the strait.
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Gold prices held steady as global tensions simmered. Investors are keenly watching a U.S. deadline regarding the Strait of Hormuz, a crucial oil route. Meanwhile, differing views on inflation and interest rates from Federal Reserve officials are keeping markets on edge, with key U.S. inflation data on the horizon.
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The dollar hovered near recent highs as traders awaited a U.S. deadline for Iran to open the Persian Gulf or face attacks. Escalating Middle East conflict and potential Strait of Hormuz closure have boosted the dollar as a safe haven. Markets remain cautious ahead of President Trump’s deadline, with potential attacks by Iran and the U.S./Israel looming.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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