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WTI Soars 1.77% as Iran Deal Stalls, Hormuz Uncertainty Fuels Oil Rally

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The Story

News Summary

  • WTI crude climbed 1.77% toward $107/barrel amid deepening uncertainty over US-Iran negotiations on reopening the Strait of Hormuz.
  • Iran's updated proposal was deemed insufficient, keeping geopolitical risk premium elevated.
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WTI price history

102.10 +71.77% over the displayed period

Advisor Snapshot

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