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Oil Climbs as Trump Maintains Iran Pressure, US Stockpiles Fall

Bloomberg · last updated

Oil steadied after US President Donald Trump said his maximum pressure campaign on Iran will continue.

Brent traded near $68 a barrel after closing 0.8% higher on Wednesday, and West Texas Intermediate was close to $65. Trump said he’s “not giving up” on the strategy that includes targeting Tehran’s petrodollars, after earlier comments appeared to undermine the approach. He also flagged talks with the Iranian side next week.

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