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4 hours ago
Oil prices set for $100 if Iran war persists, warns bank
Energy markets are now “clearly in the crosshairs” of the Iran conflict, according to RBC Capital Markets, which warns of oil prices into the $100s per barrel if fighting and disruption persists. In a new commodities note on Iran flashpoints, the bank says the Strait of Hormuz is effectively closed after vessel attacks and the withdrawal of war risk insurance.