OIL MARKET ON EDGE AS IRAN STALLS Iran has yet to respond to a US plan to end 10 weeks of war and reopen the Strait of Hormuz, keeping global oil markets under pressure.

Iran's delay in responding to a U.S. proposal aimed at resolving the ongoing conflict and reopening the Strait of Hormuz has heightened tensions in the oil market. This uncertainty affects risk appetite among investors, particularly as the Strait is a critical chokepoint for global oil supply. Markets most exposed include crude oil futures and energy stocks, which could experience volatility due to potential supply disruptions. Traders will be particularly attentive to any developments regarding diplomatic negotiations or military escalations in the region, as these could significantly influence oil prices and market sentiment.

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