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Oil steadies near three-month low amid US-Iran pact
Key takeaways
- As of 08:18 GMT, Brent crude futures were up by $0.02 at $78.98 per barrel (bbl), reported Reuters.
- Meanwhile, US West Texas Intermediate (WTI) crude edged $0.03 higher to $76.08/bbl.
- Both benchmarks had dropped by roughly 5% in the previous session, adding to declines triggered by hopes that an agreement between the US and Iran may allow additional oil exports through the Strait of Hormuz.
Oil steadies near three-month low amid US-Iran pact Shree Mishra Wed, June 17, 2026 at 5:53 PM GMT+7 3 min read CL=F Oil prices hovered near their lowest levels in three months on Wednesday 17 June as investors assessed the possible effects of a peace agreement between the US and Iran.
As of 08:18 GMT, Brent crude futures were up by $0.02 at $78.98 per barrel (bbl), reported Reuters.
Meanwhile, US West Texas Intermediate (WTI) crude edged $0.03 higher to $76.08/bbl.
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