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Crude prices fall despite Hormuz tanker disruptions

The Punch

BusinessThe Punch·Aug 29, 2026·1 min read

Crude prices fall despite Hormuz tanker disruptions

Crude oil prices are heading for a weekly decline despite weak tanker traffic through the Strait of Hormuz amid escalating tensions between Iran and the United States. Brent crude was trading at $89.17 per barrel as of Friday, down 5.3 per…

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