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Rate Of ReturnIran's IRGC closed the Strait of Hormuz over the weekend and fired on passing commercial ships, marking the latest escalation in the ongoing crisis that began in February 2026. The strait handles approximately 20% of global oil supply; Brent crude peaked near USD 120/bbl during the prior closure and is expected to surge significantly at Monday's open.
The Middle East situation has escalated again, oil prices have surged, and coupled with the sharp drop in the U.S. stock market last weekend, the Strait Index has fallen again.
☕️ [Task Coins Giveaway] Daily Market Talk — Iran Closes Strait of Hormuz
IRGC closed the Strait of Hormuz and fired on ships. S&P 500 fell 2.6% Friday on the NFP beat. Apple WWDC opens tomorrow. SpaceX lists Friday.
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