Geopolitical Spark: Crude Market Ignition

​The U.S.–Iran interim ceasefire is unraveling fast. Following American military strikes and a swift revocation of Tehran's oil export waiver, global crude benchmarks immediately recoiled. Brent aggressively climbed to $76.08, while WTI soared to $72.26. Beyond basic supply metrics, shattered investor sentiment is driving this high-stakes market panic.
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​References

​Reuters: Oil jumps after settlement as US revokes general license for Iran oil sales (July 2026)

​Seeking Alpha / U.S. Central Command: Oil futures extend gains as fresh U.S.-Iran strikes reignite supply fears (July 2026)

​ING Bank Commodities Division: Global Energy Sentiment & Geopolitical Risk Assessment Briefing (July 2026)

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