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A cluster of Chinese firms is poised to win big from the energy crisis set off by the war in the Middle East, building on booming investment in artificial intelligence.
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Investors should be keeping a close eye on the difference between Brent and U.S. crude, which is sending a message that market worries over the crisis in Iran have peaked, says Morgan Stanley.
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The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
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