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05.08.2026 02:48 PM
Brent has returned above $80/bbl amid an escalation between the Houthis and Saudi Arabia in the Red Sea, yet the bulls’ push on EUR/USD seems unstoppable. The euro is rising on hopes for a new US-Iran deal to reopen the Strait of Hormuz. Donald Trump said signatures could come “today or tomorrow.” Axios reports there is no talk of a transit fee.
Energy-import-dependent Europe would breathe easier if Brent returns to pre-crisis levels. Its economy would continue to recover, narrowing the
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