As the US market was closed, the focus was on the EU meeting about the second bailout package for Greece. While EU ministers and investors appeared confident that a deal should be finalized after the meeting, the situation is not without uncertainty. Oil prices surged for another day amid rising speculations that Iran would halt oil supply to some European countries. While the UK and the EU said the impact on them would not be great, the market remained worried about the disruption, and particularly further escalation of the tension.
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