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geopoliticsbullishWTIPublished Jun 4, 2026, 4:00 PM

Oil Prices Climb on Iran War Uncertainty and Hormuz Blockade

Oil Prices Climb on Iran War Uncertainty and Hormuz Blockade
Oil prices rose to a one-week high with Brent at $96 as Iran reviews a US proposal to halt the war while the Strait of Hormuz remains closed, disrupting global flows. IEA warned inventories could hit critical lows before summer demand.

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