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Posted inDaily Analysis, Economy, Markets, Pre-Market Briefing, Sector -- Energy, Weekend Analysis

Hormuz Deal Breaks Oil — but Markets Are Pricing in a Lot of Trust

U.S. markets are closed for Memorial Day, but global markets are moving sharply. WTI crude fell 4.71% to $92.06 per barrel after President Trump signaled a U.S.-Iran deal to reopen the Strait of Hormuz, lifting S&P 500 futures 0.9% and pushing Japan’s Nikkei 225 to a record above

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