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Birdie_OKX
Brent moving back above $100 is less a verdict on lost supply than a repricing of fragility. With no breakthrough on ceasefire, sanctions, or Hormuz, tight fuel markets leave little room for a prolonged disruption.
The added Patriot deployments may contain risk at the margin, but oil will likely stay sensitive to diplomatic signals until the corridor question is clearer.
#USIranOilTensions
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