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Oil prices rise as Iran talks stall and Hormuz traffic slows

Oil prices climbed on Monday as hopes for a US-Iran peace breakthrough weakened. Slower tanker traffic through the Strait of Hormuz also increased concerns about global supply. Brent crude rose as much as one percent to $89.40 per barrel. It later traded 72 cents higher at $89.20. US West Texas Intermediate crude also gained 44 […]

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