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Finance
Finance· Commodities

Oil Selloff Outruns Reality in Hormuz

By Editorial Dept - Aug 28, 2026, 7:30 AM CDT WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62 as traders sold on reports that Iran, Oman and the United States were moving toward a workable shipping arrangement through the Strait of Hormuz.

7 days ago
Finance
Finance· Commodities

Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays Restricted

13 days ago

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