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diplomacyApr 29, 2026

Oil spikes while stocks slip ahead of US Fed rate decision

Summary

Oil spikes while stocks slip ahead of US Fed rate decision Oil prices jumped as fears grew that the Strait of Hormuz could stay blocked.

Source: CNA — Read the full report

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  • CNABy CNA

    Oil spikes while stocks slip ahead of US Fed rate decision Oil prices jumped as fears grew that the Strait of Hormuz could stay blocked. LONDON: Oil prices shot higher Wednesday (Apr 29) on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly …

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