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After Russia imposed a retaliatory uranium ban on the United States, U.S. uranium stocks rose, with Uranium Energy up more than 10% and Ur-Energy up more than 8%.
The shift in Israel's retaliation target overnight has seriously weighed on oil prices, and OPEC's optimistic expectations for crude oil demand seem to have changed slightly. Is the current crude oil rally still intact?
On October 7, Israel's Channel 13 quoted an unnamed US security official as saying on Monday that Israel would soon respond to Iran's missile attack on October 1. The report did not provide further details. Previously, Israel has vowed to retaliate against Iran, and there has been speculation about whether a potential attack on Iran would target the country's oil fields.
On August 17, according to the New York Times, U.S., Iranian and Israeli officials said Friday that they expected Iran to delay plans to retaliate against Israel for the assassination of a senior Hamas leader in Tehran to give mediators time to push for a cease-fire to end the war in the Gaza Strip. But they warned that the situation remains unstable.
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