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Stocks in Asia were set to fall Tuesday as a surge in oil prices dragged US equities and bonds lower, with escalating tensions around the Strait of Hormuz raising fresh fears about high energy prices and global inflation.
Source
Bloomberg Markets
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Oil held the bulk of a sharp gain after tensions flared across the Middle East, with the US and Iran exchanging fire amid renewed attacks on energy infrastructure and vessels in and around the Strait of Hormuz.
