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Oil slides while government bonds rally after US Iran strike pause

The shift also supported a broad recovery across risk assets as escalation fears eased.

Oil prices fell sharply and government bonds rallied Monday after a pause in military action between the US and Iran eased fears of further escalation in the Middle East, according to a report by Bloomberg, cited by Hedgeweek.

The calmer backdrop helped drive a broader recovery across risk assets, reflecting improving sentiment toward markets after the pause.

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