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WTI trades near $85, as MidEast tensions remain financialmirror.com
2026-08-25 @ 03:21
West Texas Intermediate crude oil traded on the back foot on Monday after gaining more than 5% last week. The pullback comes even as the broader backdrop remains largely unchanged, with Middle East tensions elevated and shipping through the Strait of Hormuz still heavily restricted. Late Monday, WTI traded around $84.37 per barrel, down about 2.28% on the day. Markets also face an immediate geopolitical risk as the United States is expected to announce fresh sanctions against Iran, while Tehran has warned that it could halt oil exports through the Strait and elsewhere in the Persian Gulf if Washington proceeds
Source: financialmirror.com