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Thursday, July 16, 2026
HomeBusinessOil eases as traders lock in gains, assess Iran escalation

Oil eases as traders lock in gains, assess Iran escalation

TOKYO/BEIJING, July 16: Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U. S. strikes on Iranian military installations that stoked fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The U. S. struck Iran’s coastal defenc

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