Tag: supply tension
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Oil at one-week low as US and Iran pause attack; supply tension underpins
July 28 : Oil prices edged lower on Tuesday, hovering around one-week lows amid hopes for a resolution in the U.S.-Iran war, while subdued flow through the Strait of Hormuz and further supply disruption risks underpinned the market.Brent crude futures were down 50 cents, or 0.57 per cent, at $87.86 by 0610 GM
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