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Crude oil prices surge to near one-month high as US prepares sweeping sanctions on Iran

Thursday, August 20, 2026 - 23:35
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Crude oil prices surge to near one-month high as US prepares sweeping sanctions on Iran
Crude oil prices reach near one -month highs as the US plans extensive sanctions against Iran, aiming to isolate the country economically. Brent crude rose almost $3 to $92 a barrel while WTI jumped 3.3% to $86.72, amid rising tensions and Trump's warnings about economic penalties.

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