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Global Business News

The Economic Times

Global Business / The Economic Times

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Oil set for second weekly rise as unsettled US-Iran war crimps supply

Oil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US and Iran are creating disruptions in oil supply throughout the Middle East. While Brent crude futures have seen a slight uptick, WTI futures registered a small decline. Rising fears about supply constraints from key producers are contributing to these price fluctuations.

21 Aug 2026 7:28 am