Global oil price gains 2% as US military strikes on Iran add to peace deal uncertainty - Reuters
Macro
US military strikes on Iran drove global oil prices up 2% amid renewed geopolitical risk and doubts about a potential peace deal. Energy markets are pricing in supply disruption concerns as tensions escalate in the Middle East.
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Long crude or energy infrastructure (pipelines, refiners) into any Iran supply scare; unwind if de-escalation talks resume and prices retrace 2%+ from current spike.