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FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
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NEWSDECK ANALYSIS
The Strait of Hormuz is a vital shipping lane that connects the Gulf to the Arabian Sea, with a significant proportion of the world's oil passing through it, making any security threats in the region a concern for global energy markets. The safety of the strait has been a longstanding issue due to its location near the coast of Iran, which has been involved in various maritime disputes in recent years. As a result, any incidents in the area can have a significant impact on investor confidence and global market stability.
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City AM
FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
26 Jun, 05:39
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