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Get the free app no ads · no paywallBusiness · 13 July 2026
Higher oil prices and a stronger US dollar could affect borrowing costs as traders increased expectations of Federal Reserve rate rises. Over the weekend and into Monday, US and Iranian forces exchanged missile and drone attacks, while Tehran said it had again closed the Strait of Hormuz. Brent crude reached $77.60, and sterling traded 0.1% lower at $1.339.
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