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Middle East tensions drive oil prices up as Polymarket predicts 82.5% chance Fed will maintain rates in July; U.S. launched strikes on Iran post attacks on 3 vessels in the Strait of Hormuz, pushing WTI crude above $72 by over 2%.
Late Tuesday evening, the U.S. Central Command announced that the United States conducted significant strikes on Iran in response to the recent attacks on three commercial vessels in the Strait of Hormuz. This action caused a surge in the price of WTI crude oil, pushing it up by over 2% to exceed $72 per barrel.