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The gasoline price at the pump in the USA has exceeded the mark of $4 per gallon for the first time since August 2022 – and I consider this a serious warning signal that many market participants still underestimate. Because even if Trump declares the war against Iran over, the real problem remains: the Strait of Hormuz. As long as this strategically crucial shipping corridor is even partially blocked, oil prices are likely to stay at or near triple-digit levels – Brent around $107, WTI around $103 per barrel. Before the war, about 20% of the...
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