Oil Extends Rally Amid US-Iran Tensions
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WTI crude futures rose to nearly $106 per barrel amid ongoing US-Iran tensions and concerns over global supply. Stalled peace talks and attacks on energy infrastructure in the Persian Gulf have heightened worries. President Trump warned Iran of a deadline for an agreement, while the US's waiver for Russian crude sales expired, adding to supply constraints. Recent talks between Trump and Chinese President Xi Jinping yielded no progress on reopening the Strait of Hormuz.
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