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09.07.26 - 08:54
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UK housing market downturn eases but sentiment remains ′fragile′, surveyors say – business live (The Guardian)
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Brent crude dips slightly below $78 a barrel; most Asian stock markets bounce backIpek Ozkardeskaya, senior analyst at the financial group Swissquote, has summed up the flare-up in Middle East tensions, and looked at the implications.Donald Trump declared the ceasefire over, and the US continued bombing Iran last night. Washington also revoked the recent easing of Iranian sanctions, meaning that Iran will not be able to sell the tens of millions of barrels currently at sea, while Tehran said it will launch a “large-scale retaliatory” operation against US bases across the Gulf region, she notes. Meanwhile, Russia is limiting some energy exports to avoid domestic shortages amid Ukrainian attacks on Russian energy facilities.What a wonderful world.The latest turn of events in the Middle East has reversed the short-term bearish outlook for oil prices. US crude has risen as much as 13% since last week's dip and is now testing the $75 a barrel level to the upside, with an increasing possibility of the barr...
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