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TL;DR: Brent crude gapped sharply lower to $85.50 as US and Iran refrained from further strikes over the weekend, but shipping data from the Strait of Hormuz and Bab el-Mandeb shows the physical supply crisis Read more…
Key Highlights EUR/USD started a fresh decline from the 1.1475 resistance zone. A bearish trend line is forming with resistance at 1.1405 on the 4-hour chart. GBP/USD trimmed most gains and traded below 1.3400. WTI Read more…