WTI rally slows down as Tehran leaves door open to diplomacy financialmirror.com

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WTI rally slows down as Tehran leaves door open to diplomacy financialmirror.com

2026-07-21 @ 00:21

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West Texas Intermediate traded around $81.30 on Monday, down 0.54% on the day as investors took some profits following the benchmark crude oil’s sharp rally in recent weeks. Despite the modest pullback, geopolitical tensions in the Middle East continue to provide underlying support to crude prices amid concerns over potential disruptions to supplies. The conflict between the US and Iran remains the main driver of market sentiment. The US continued its military strikes against Iranian targets, while Tehran has maintained its hardline stance over the Strait of Hormuz, a strategic shipping route for global energy exports. Any prolonged disruption to

Source: financialmirror.com

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