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Commodities

WTI Oil Surges Amid Mixed Signals on US-Iran Deal

Guavy AI Editorial Team
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Oil
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West Texas Intermediate (WTI) oil prices rose for the third consecutive day on Wednesday, reaching around $82.70 per barrel during Asian hours.

The price increase comes as investors weigh mixed signals about a potential deal between the United States and Iran.

Pakistan's defense minister suggested that Washington and Tehran are close to an arrangement to secure the critical Strait of Hormuz, boosting sentiment initially.

However, US President Donald Trump adopted a firmer stance, declaring that Tehran should pay reparations for victims of attacks linked to the Islamic Republic, tempering market optimism.

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