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Commodities

Hormuz Flows Ease, Trump-Xi Summit Nears Amidst Regional Tensions

Guavy AI Editorial Team
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Oil
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The Strait of Hormuz flows have eased oil fears as global markets await a critical summit between US President Donald Trump and Chinese President Xi Jinping.

In related news, Saudi Arabia has issued air-raid alerts amidst escalating tensions in the region. In an attempt to promote unity, Qatar's Emir Sheikh Tamim bin Hamad Al Thani has called for Gulf states to put aside their differences and work together.

The Hormuz flows are a critical chokepoint for global oil supply, accounting for approximately 20% of all traded oil. The easing of these fears is likely to have a positive impact on oil prices in the coming weeks.

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