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Oil steadies after US threatens indefinite blockade of Iran

Friday, August 14th, 2026

Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session’s fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 1 cent, or 0.1%, to $87.08 a barrel by 0247 GMT, [Read more]

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