Reuters
29 Jul 2026, 21:19 UTC · 2h ago
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A war between the U.S. and Iran has tightened supplies of Middle East crude. — Geopolitical conflict involving major oil producers typically leads to significant spikes in energy prices and increased market volatility.
+0.80Japan has resumed importing Canadian crude oil for the first time since early 2025. — This indicates a strategic shift in sourcing to mitigate supply shortages, though it is a secondary effect of the primary conflict.
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