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Crude Oil Prices Tick Up as US Threatens Naval Blockade on Iran

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Oil prices edged higher on Friday amid fresh concerns over global crude supply. The United States threatened an indefinite naval blockade against Iran, intensifying economic pressure on Tehran. This move raised fears of possible disruptions to oil shipments through the critical Strait of Hormuz. However, price gains were kept in check by weaker demand outlooks and growing US oil stockpiles. The market remains in a delicate balance as opposing supply and demand forces continue to offset each other.

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Crude Oil Prices Tick Up as US Threatens Naval Blockade on Iran · ShortSingh