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The U.S. blockade in the Strait of Hormuz risks deepening the energy shock, but markets are shrugging it off amid optimism for a deal.
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;Resize=(620)) Brent crude oil, the international standard, hovered around $100 US a barrel on Monday — up from roughly $70 per barrel before the war in late February. North American markets were mostly flat as of midday, after dipping earlier in the morning.
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Asia-Pacific markets open higher Tuesday, amid positive investor sentiment that a deal between the U.S. and Iran is still possible
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