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Oil Holds Gain With Iran’s Exports Strained as Conflict Drags On

Bloomberg Markets · May 12, 2026, 10:03 PM · Also reported by 1 other source

Oil was steady as the conflict in the Middle East drags on and keeps the vital Strait of Hormuz effectively closed, with shipments from Iran’s main export terminal appearing to come to a standstill.

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Oil Holds Gain With Iran’s Exports Strained as Conflict Drags On

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