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Oil poised for further gains as Middle East conflict threatens export facilities

Oil prices may rise further as the U.S.-Israeli conflict with Iran enters its third week. This ongoing war poses a significant risk to oil infrastructure. The critical Strait of Hormuz remains shut, disrupting global oil supply. International efforts are underway to manage the situation, including strategic oil releases. Diplomatic solutions appear distant, suggesting continued market volatility.

US Fed expected to hold rates steady as Iran war roils outlook

Federal Reserve officials are likely to keep interest rates steady next week. The ongoing US-Israel war on Iran is creating market uncertainty and impacting oil prices. Recent economic figures also indicate a slowdown. Policymakers face a challenge balancing inflation concerns with employment figures. Traders are adjusting expectations for rate cuts.