German minister denies electricity price drop
US President Donald Trump stated that he expects the Strait of Hormuz to open soon or face severe consequences for the world, which led to an increase in gold prices supported by falling oil prices and market anticipation for US employment data. Meanwhile, the German Ministry of Economy announced that a decline in electricity prices is unlikely, and it was also reported that Iraq exported 30 million barrels of oil through the Strait of Hormuz during the month, amid a pending agreement between Iran and international parties to reopen the strait.
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