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Bond traders who’ve grown more optimistic about an end to the Iran conflict see their next catalyst coming from Capitol Hill, where Kevin Warsh will face questions as President Donald Trump’s pick to lead the Federal Reserve.
Source
Bloomberg Markets
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Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
Oil climbed, the dollar rose and US equity futures slipped as risk sentiment soured following a renewed flare-up in US-Iran tensions over the weekend and a continued standoff around the Strait of Hormuz.
Oil and natural gas prices soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz.
