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Oil markets have whipsawed since the start of the Iran war, with supply risks around the Strait of Hormuz driving extreme price swings and historic volatility.
Source
CNBC
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Cherfilus-McCormick was indicted in November in Miami federal court on charges accusing her of stealing $5 million in Covid-19 disaster funds.
Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration amid higher prices at home.
In one instance, train fares are being inflated from $26 to $150.
Paraguay’s central bank held its benchmark interest rate unchanged for a second-consecutive month at 5.5% amid a stable inflation outlook.
