Middle East Conflict Intensifies Amid Diplomatic Claims: Trump Cites Negotiations as Iran-Launched Strikes Persist

Despite former President Trump's claims that negotiations to end the conflict are underway, military exchanges between Iran and the U.S.-Israel axis continue. Iran launched missile and drone strikes against Israeli cities and U.S. bases, with impacts felt in Saudi Arabia, Kuwait, and Bahrain. Critical Iranian energy infrastructure was also reportedly targeted, escalating regional tensions.

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Macquarie Report: Oil Prices Linked to Geopolitical Risks

Macquarie's latest analysis highlights the impact of Iranian tensions on Brent crude prices. If tensions ease, prices may fall to $85-90; if the Strait of Hormuz remains closed until April, prices could surge to $150 per barrel. Geopolitical factors remain key drivers.

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