Tag: blockade iran
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Oil steadies after US threatens to blockade Iran indefinitely
PERTH, Aug 14 : Oil prices inched higher on Friday after the U.S. threatened to maintain a naval blockade of Iran indefinitely, reviving crude supply concerns, after prices fell in the previous session on a weaker global demand outlook.Brent futures rose 9 cents, or 0.1 per cent, to $87.16 a barrel by 0130 GM
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