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The Economic Times

National / The Economic Times

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Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing a minor decrease in traffic through the Strait of Hormuz.

3 Sep 2026 7:27 am