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05.08.2026 09:41 AM
Don’t count your chickens before they hatch. Wall Street seems to have forgotten that proverb. No sooner had Qatar announced its readiness to propose a plan to unblock the Strait of Hormuz than the S&P 500 and the Dow Jones Industrial Average surged to record highs, and Brent plunged below $80 per barrel. The deal has not been signed yet, but investors have already celebrated its conclusion.
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