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Oil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move

CNBC · Apr 28, 2026, 1:05 AM · Also reported by 4 other sources

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  • Oil prices edged higher Tuesday as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.
  • West Texas Intermediate futures rose 0.66% to $97.03 per barrel while international benchmark Brent oil futures added 0.44% to $108.67 a barrel.

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Oil prices edged higher Tuesday as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.

West Texas Intermediate futures rose 0.66% to $97.03 per barrel while international benchmark Brent oil futures added 0.44% to $108.67 a barrel.

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