Public Markets 3h Briefing
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Energy & Commodities
Oil prices held below $90 wsj.com as traders weighed mixed signals from Middle East tensions, while U.S. airlines face $11 billion ft.com in fuel costs from the Iran conflict, with carriers exposed due to their decision not to hedge fuel purchases. In Europe, funds boosted long positions bloomberg.com in natural gas to the highest level in over a year amid uncertainty over global flows, and Greece imposed caps bloomberg.com on profit margins for fuel and groceries to prevent price surges. Meanwhile, LNG suppliers declared force majeure bloomberg.com on contracts from Qatar after the shutdown of the world's largest export plant, and Japan announced unilateral releases bloomberg.com from its strategic oil reserves as the nation gr