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Forex

Mixed Markets Await US Inflation Data Amid Middle East Tensions

Guavy AI Editorial Team
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Global markets were mixed on Tuesday as investors awaited US inflation data, while tensions in the Middle East continued to drive up oil prices.

Mohsen Rezaei, secretary of Iran's Supreme National Security Council, stated that the Strait of Hormuz would not be opened if the US did not accept Tehran's conditions.

The development fueled supply concerns and pushed up oil prices, contributing to inflationary pressures through energy costs. This complicated the future policy roadmaps of central banks.

US inflation data is expected to show a slowdown following July's 3.4% annual and 0.1% monthly inflation rates.

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