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Oil prices back up as U.S. and Iran trade fresh threats to expand 7-month war
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- Published
- Sep 25, 2026, 11:16 AM UTC
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By Sumit Saha Sept 29 (Reuters) - Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs
Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation high…
Donald Trump threatened fresh strikes on Iran after Tehran closed the Strait of Hormuz over hostilities in Lebanon, triggering a drop in global markets.