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Tensions flare amid fragile ceasefire

Tensions flared in the Strait of Hormuz as Iran attacked passing ships. The US responded with airstrikes.

Line chart of Brent oil prices in USD/bbl from late January to early July 2026, showing a rise from about 60 to above 110 in March-April, sharp swings around May, then a decline toward 70 before a slight rebound. Source: Amundi Investment Institute, Bloomberg.

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