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[UPDATE on Friday, March 27th: Brent oil has climbed nearly 52% so far in March 2026 - set for its biggest ever advance for the month of March in its history!]
Markets are paring their expectations for a sooner-than-later de-escalation in the Middle East conflict, amid conflicting signals from the US and Iran:
Brent Oil (Bybit: UKOUSD): +2.0%, back above $103/bbl; Strait of Hormuz remains markets' focal point