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Macro Finance

Latest Oil Market News and Analysis for July 16

Bloomberg Markets·July 15, 2026·1 min read

Oil held a three-day gain as the US continued its attacks on Iran in a bid to secure shipping through the Strait of Hormuz. The ongoing military action has bolstered crude prices amid supply concerns in the key waterway. Traders are monitoring the conflict for further disruptions to global oil flows.

Read at Bloomberg Markets
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