^GSPC Today March 24: Hormuz Threat Lifts Oil, Puts Stocks on Edge
Iran war oil prices are moving higher after Tehran cut Strait of Hormuz transits to about five ships a day, while the US warned of strikes on Iranian power plants. That squeeze raises Middle East risk and shipping costs, which can feed inflation. Stocks tied to the S&P 500 (^GSPC) look cautious as energy rallies. For Singapore investors, the focus is fuel costs, SGD resilience, and sector exposure. We outline key levels, scenarios, and practical steps for today’s trade.
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