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Wed · 04 Nov 2026

Oil Markets Open Flat as Trump Iran Threats and Hormuz Rhetoric Weigh

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Oil Markets Open Flat as Trump Iran Threats and Hormuz Rhetoric Weigh

🛢️ MARKETS — Brent flat after MOU expiry, but analyst calm usually precedes repricing. 📌 LOOK CLOSER: With no framework replacing the expired MOU, markets expected volatility — the stillness is the signal. Traders are holding positions pending Washington's next move, not pricing in resolution. If Trump escalates sanctions or formalizes Hormuz rhetoric into policy, the flat open becomes the last quiet moment before a sharp leg up.

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