Oil on Pace for 21% Monthly Rally as US-Iran Conflict Strains Supply

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geopolitics

31 July 2026 at 5:28 am

Oil on Pace for 21% Monthly Rally as US-Iran Conflict Strains Supply

HyperFast News

Summary

Oil prices are on track for a 21% monthly rally, marking their biggest gain since March, as escalating conflict between the US and Iran strains global supply. Prices stabilized at the end of a volatile week.

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