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Commodities

Oil Prices Bounce Amid Strait of Hormuz Tensions

Guavy AI Editorial Team
Instruments
Oil
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Crude oil and USD/JPY saw a rebound in their prices as tensions around the Strait of Hormuz persisted.

The Strait, which is a critical waterway for global oil supplies, has been a source of concern due to recent incidents involving Iranian military activity.

According to FOREX.com, 77% of retail investor accounts lose money when trading CFDs with this provider. It's essential to understand the risks involved before making any investment decisions.

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