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SHEL: XLON (GBR)

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Oil Markets Shrug After US Strike on Iran. What Does It Mean for Oil Equities?

Allen Good

Jun 23, 2025

Crude oil prices were only up about 1% in early trading on June 23 after the US bombed Iranian nuclear sites over the weekend. Before this rise, oil prices had increased nearly 21% in the last month compared with oil equities, as measured by the Energy Select Sector SPDR Fund's 9% gain.

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Oil Markets Shrug After US Strike on Iran. What Does It Mean for Oil Equities?

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