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UBS On-Air: Paul Donovan Daily Audio 'Snickers bars and inflation perceptions'
Published 2 weeks, 4 days ago
Description
The IEA announced it would orchestrate a record release of oil from strategic petroleum reserves. Another three ships were attacked in the Gulf. Oil prices rose over USD100/barrel. In the absence of a coherent US strategy to reopen the Strait of Hormuz, investors are likely to focus on Iranian actions as the market driver.