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The global energy crisis remains acute as 11 million barrels per day of Middle East oil production are shut in due to storage capacity limits. In a significant diplomatic shift, President Trump has paused the maritime mission in the Strait of Hormuz, triggering a rally across global financial markets. This pause signals tangible progress in ongoing negotiations to resolve the regional standoff under the UN-led 'Project Freedom.' Separately, global markets are eyeing Swedish flash CPI figures, which are expected to decline following a reduction in VAT on food from 12% to 6%. Investors are now assessing whether this market rally and diplomatic de-escalation will restore energy flows and stabilize Brent and WTI prices.
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