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Brent at $103.54: the war premium that refuses to widen
Crude eased 1.03% into Friday's close even as Hormuz mediation entered its loudest week. The pattern is the story.
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Karim Al-Rashidi
· 3 min read
Brent settled Friday at $103.54, down $1.08 on the session, a 1.03% move. WTI did rather more of the same — $96.60, off $1.40, or 1.43%. Gold gave back $35.76 to $4,508.32, a 0.79% slip. The Tadawul, closing Thursday before the Saudi weekend, was up 26.03 points at 11,027.54, a 0.24% drift higher. The dollar pegs did what dollar pegs do: USD/SAR at 3.7500, USD/AED at 3.6725.
On a week when Qatari mediators were flying to Tehran with the strait of Hormuz on the agenda, when Egyptian jets were re…