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Oil Steadies After Rally as Trump Sees Short-Lived Iran Strikes
Oil Steadies After Rally as Trump Sees Short-Lived Iran Strikes. Oil steadies after a three-day rally as President Donald Trump said renewed attacks on Iran would be short-lived. US officials signaled robust energy flows through the Strait of Hormuz. Brent traded near $95 a barrel after surging more than 8% over the past three sessions, while West Texas Intermediate was below $91. Oil steadied after a three-day rally as President Donald Trump said renewed attacks on Iran would be short-lived, while US officials signaled robust energy flows through the Strait of Hormuz.
Why it matters. Fluctuations in oil prices directly impact global inflation, transportation costs, and geopolitical stability.
- Oil prices stabilized following a three-day rally.
- President Trump predicted any renewed attacks on Iran would be brief.
- US officials assured that energy flows through the Strait of Hormuz will remain robust.
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