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Oil Prices Down Despite the Return of Trump’s Maximum Pressure Campaign on Iran

Oil Prices Down Despite the Return of Trump’s Maximum Pressure Campaign on Iran

Crude oil prices started trade today with a dip despite the latest news around President Donald Trump who on Tuesday confirmed he would be returning to a maximum pressure approach to Iran, aiming to reduce its oil exports to zero, and said he wants the U.S. to take over the Gaza Strip and develop it. In mid-morning trade in Asia, Brent crude was trading at $75.80 per barrel with West Texas Intermediate at $72.40 per barrel. Prices had spiked on Tuesday temporarily following the maximum pressure news but later retreated after China said it would…

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