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Stock impact report

Wall Street Hits the Brakes: Oil Prices Skyrocket as Historic Refund Portal Opens [Daily Finance]

Sigma Lithium Corporation (SGML) 
Company Research Source: Daily Finance
On one side, we have a major energy crisis in the Middle East pushing oil prices toward $100. On the other, the U.S. government just opened a portal to give $175 billion back to American businesses. As your top source for financial news, I am breaking down exactly what this means for your wallet and your portfolio. Discover more Currencies & Foreign Exchange Digital Currencies 1. The Energy Crisis: Why Gas Prices are Climbing The biggest headline today is the closure of the Strait of Hormuz. This narrow waterway is the most important path for oil in the world. Over the weekend, the situation between the U.S. and Iran got much worse. After a U.S. ship seizure and military tension, Iran shut down the strait. The Price Jump: Brent Crude oil prices shot up over 6% to reach $95.92. U.S. oil followed, jumping more than 7% to hit $90. The Big Picture: About 20% of the global oil supply is now stuck. This is causing a shock to the system. While stock markets in Asia stayed ste Show less Read more
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