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geopoliticsbullishWTIPublished Jul 19, 2026, 2:00 PM

Renewed US-Iran Hostilities Lift Oil Prices and Defense Sector Outlook

Renewed US-Iran Hostilities Lift Oil Prices and Defense Sector Outlook
Oil settled higher on renewed US-Iran hostilities and threats of Red Sea closure; European gasoline traded at a $41/barrel premium to crude, the highest since 2022, boosting defense and energy stocks amid market volatility.

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