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Brent Crude Surges 7% After US Seizes Iranian Cargo Vessel

Investors brace for volatility as diplomatic hopes fade

Global markets tightened on Monday as renewed U.S.-Iran tensions pushed oil prices higher and weighed on equity futures, with Brent crude jumping nearly 7% to $96.85 a barrel although U.S. Stock index futures pointed to a lower weekly open. The U.S. Military seized an Iranian-flagged cargo vessel attempting to breach a maritime blockade near the … Weiterlesen …