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National News

The Times of India

National / The Times of India

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Oil prices fall $1 after touching three week high amid Middle East tensions

Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices.

15 Oct 2026 7:35 am