Oil set for weekly gains after US threatens indefinite blockade of Iran - Reuters
Source: Reuters
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DW NOTE
The Strait has been shut for nearly six months. Oil is down 27.5% from yearly highs. Either traders believe the blockade ends soon or they've stopped pricing fundamentals entirely. An indefinite US stance suggests the former is now off the table.
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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
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