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Commodities

WTI Oil Prices Steady at $84.50 Amid US-Iran Tensions

Guavy AI Editorial Team
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Oil
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Oil prices remain steady around $84.50 per barrel as geopolitical tensions between the US and Iran continue to weigh on global supply.

The Strait of Hormuz, a crucial waterway for oil exports, remains a key concern, with eight reported vessel attacks this month disrupting maritime traffic.

US President Donald Trump confirmed that the naval blockade remains in effect, with no active negotiations with Tehran to lift it.

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