Tag: hopes dim
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Oil rises 2% to more than one-week high as US-Iran peace hopes dim
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to over one-week highs as hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz faded after President Donald Trump demanded compensation from Tehran.Brent crude futures rose $1.92, or 2.19 per cent, to $89.64 a barrel by…
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