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US Equity Markets Face Extended Weekly Losses As Geopolitical Tension Drives Oil Price Volatility

US equity markets suffered a third straight weekly loss as geopolitical tension in the Strait of Hormuz drove oil prices above 100 dollars per barrel.President Donald Trump expressed optimism regarding the conflict while Energy Secretary Chris Wright noted that the US Navy requires more time to escort tankers.Investors are currently pivoting their attention to the upcoming Nvidia GTC conference and Federal Reserve economic projections for signals on future stability.
Published:Saturday
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