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Energy Markets: Price Fluctuations Amidst Geopolitical Shifts
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Overview
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Asian spot LNG prices hit a three-month high at $10.50/mmBtu due to supply fears, driven by Middle East tensions and U.S. feedgas drops. Concurrently, oil prices fell by 4% following reduced Iran-Israel tensions.
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How do sanctions on Iran's oil exports affect global oil supply and pricing mechanisms?
How might the fluctuating LNG prices impact global energy trade dynamics?
What geopolitical factors beyond Iran-Israel tensions could influence oil and gas markets?
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