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Oil set for second weekly rise as unsettled US-Iran war crimps supply

Oil set for second weekly rise as unsettled US-Iran war crimps supply

SINGAPORE, Aug 21 (Reuters) - Oil prices were little changed on Friday, but were on track for a second weekly rise as the stalemated U.S.-Iran war continues to disrupt supply from the key Middle East producing region.
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Oil settles up more than 2% after Trump threatens countries supporting Iran

Oil settles up more than 2% after Trump threatens countries supporting Iran

By Shariq Khan NEW YORK, Aug 20 (Reuters) - Oil prices jumped more than 2% on Thursday to settle at the highest in nearly a month, after U.S.
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Iran vows 'devastating' response as US threatens toughest ever economic hit

Iran vows 'devastating' response as US threatens toughest ever economic hit

By Jana Choukeir and Susan Heavey DUBAI/WASHINGTON, Aug 21 (Reuters) - Iran said on Friday that its response to any new U.S. threats would be "devastating" after Washington pledged to impose the toughest financial penalties in history with the aim of toppling the Iranian leadership. U.S.
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Oil gains on Middle East supply concerns amid impasse in US-Iran war

Oil gains on Middle East supply concerns amid impasse in US-Iran war

By Yuka Obayashi and Siyi Liu TOKYO/SINGAPORE, Aug 20 (Reuters) - Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies.
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US will impose 'toughest sanctions in history' on Iran, Bessent says

US will impose 'toughest sanctions in history' on Iran, Bessent says

By Kanishka Singh and Jana Choukeir WASHINGTON/DUBAI, Aug 20 (Reuters) - The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against
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Bessent says US will impose toughest ever sanctions on Iran, urges China to cooperate

Bessent says US will impose toughest ever sanctions on Iran, urges China to cooperate

Aug 20 (Reuters) - The United States will impose "the toughest sanctions in history" on Iran, U.S. Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington.  Bessent said he would hold a press conference on Monday to discuss details. "It is a one-two punch.
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Oil hits more than three-week high as Trump threatens Iran-related retaliation

Oil hits more than three-week high as Trump threatens Iran-related retaliation

By Shariq Khan NEW YORK, Aug 20 (Reuters) - Oil prices rose to more than a three-week high on Thursday after U.S. President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of Middle Eastern oil.
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United Arab Emirates suspends trade with Iran after coming under renewed missile fire

United Arab Emirates suspends trade with Iran after coming under renewed missile fire

The United Arab Emirates has suspended all trade with Iran after it said it had come under renewed fire from the country
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Oil inches up as US-Iran peace deal fades

Oil inches up as US-Iran peace deal fades

By Siddharth Cavale and Robert Harvey NEW YORK, Aug 18 (Reuters) - Oil prices inched up on Tuesday, marking a third day of gains, as Iran said it would adopt a more offensive stance and the Strait of Hormuz would remain closed, and Washington ruled out extending a ceasefire.
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Oil prices at near three-week high as US-Iran peace hopes fade

Oil prices at near three-week high as US-Iran peace hopes fade

By Robert Harvey LONDON, Aug 18 (Reuters) - Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged
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Ship attacked during Strait of Hormuz transit and other news from the Middle East

Ship attacked during Strait of Hormuz transit and other news from the Middle East

A ship was hit by a projectile while sailing out of the Strait of Hormuz
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Oil prices at near three-week high as US-Iran peace hopes fade

Oil prices at near three-week high as US-Iran peace hopes fade

By Robert Harvey LONDON, Aug 18 (Reuters) - Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries