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Commodities

WTI Oil Price Dips Amid US-Iran Strike Pause

Guavy AI Editorial Team
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Oil
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The price of WTI oil has dropped to near $82.50 as the US and Iran pause their strikes for potential diplomacy.

US military operations against Iran have been halted due to concerns over depleting interceptor supplies and a shrinking list of high-value targets.

General Dan Caine, Chairman of the Joint Chiefs of Staff, cautioned President Trump that continuing the campaign would severely strain critical munitions reserves.

President Trump wants to create space for potential negotiations, according to US Ambassador to the UN Mike Waltz.

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