Emerging Markets
Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Oil surges 12% this week as Hormuz shipping stalls under US strikes
Crude prices are poised for their largest weekly gain since April as US military strikes on Iran force a sharp reduction in tanker traffic through the Strait of Hormuz, pushing the Brent curve into deep backwardation.
2 min read · 17 Jul 2026
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