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Geopolitical tensions from potential full-scale war involving Iran, Israel, and the USA are driving market volatility. The semi-closure of the Hormuz Strait and increased OPEC production are key factors impacting oil prices and broader commodity markets. WTI crude oil, AUD/USD, Bitcoin, and Gold are under scrutiny as investors assess risks. The early opening of hostilities by Israel and the US has heightened uncertainty, with significant implications for global energy security and currency valuations.
