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Trump's Hormuz declaration could impact oil prices

after close1 source ↓written by the desknot a recommendation

US President Donald Trump announced plans to declare the Strait of Hormuz a US territory, heightening tensions amid ongoing conflicts with Iran. This statement comes as the US prepares to impose unprecedented economic measures on Tehran, potentially affecting global oil supply and prices. Traders should monitor oil market reactions closely. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 15 Aug 2026, 16:06 IST.

Sourcesnews.google.com

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