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Commodities

Markets Plummet Ahead of US Sanctions on Iran

Guavy AI Editorial Team
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Oil
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Global markets took a hit on Monday as investors awaited details of threatened U.S. sanctions on Iran, which Washington says must relinquish its control over the vital Strait of Hormuz.

Oil futures dipped around 2% ahead of the announcement, with some oil traders taking profits after big gains last week.

Nvidia's earnings report on Wednesday will be closely watched, as investors are aware how hard it will be for the chipmaker to meet sky-high expectations.

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