Mixed signals
GPS disruptions in the Strait of Hormuz are raising the risk of oil supply disruptions, which will almost certainly push Brent crude up by $3-5 per barrel over the next few hours. This is likely to cause airline stocks to drop 2-3% as jet fuel costs spike, and could also lift inflation expectations slightly. If you're watching oil markets, keep an eye on Brent and WTI prices in the next few sessions.
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