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Market Talk: Red Sea closure can be 'significant' oil shock

Posted

July 17, 2026

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Oil is on track for its biggest weekly gain since April as fears of a new Red Sea supply disruption add to global energy market uncertainty. Kpler’s Homayoun Falakshahi said while he sees major disruption as unlikely, the consequences would be significant.

#energy #oil #redsea #iran #usa #straitofhormuz #israel #iranwar #middleeastconflict #trump #unitedstates #News #Reuters #Newsfeed

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