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Commodities

US-Iran Conflict Triggers Oil Price Surge

Guavy AI Editorial Team
Instruments
Oil
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Oil prices rose on Tuesday as hopes for a resolution to the US-Iran conflict dimmed, with President Donald Trump signaling that there's no rush to end the impasse.

The West Texas Intermediate (WTI) crude oil price neared $85 per barrel, building on Monday's 2.6% gain, while Brent settled just below $91 a barrel.

The expiration of an expiring agreement with Tehran technically occurred on Monday, but the two sides remain far apart on key issues, including control over the Strait of Hormuz.

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