Oil Prices Edge Higher Amid US-Iran Tensions and Supply Concerns

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energy

14 August 2026 at 8:27 am

Oil Prices Edge Higher Amid US-Iran Tensions and Supply Concerns

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Summary

Oil prices edged higher on Friday due to renewed US-Iran tensions and threats of a naval blockade, raising supply concerns through the Strait of Hormuz, though gains were limited by weaker demand forecasts and rising US inventories.

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