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Thursday, August 27, 2026
HomeBusinessOil gains as traders weigh prospects of Hormuz reopening

Oil gains as traders weigh prospects of Hormuz reopening

Aug 27: Oil prices rose on Thursday after falling earlier in the session as investors weighed prospects for progress in reopening the Strait of Hormuz and broader Middle East supply risks. Brent crude futures were up 51 cents, or 0. 58 per cent, to $88. 35 a barrel at 1005 GMT. West Texas Intermediate crude fu

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