Oil prices hover near one-week peak

Oil prices remain steady near their highest levels in over a week, amid fading hopes of reaching an agreement between the United States and Iran to end the conflict and reopen the Strait of Hormuz. U.S. President Trump's responses, which called for compensation for damages caused by wars and attacks, pushed prices higher yesterday, with Brent crude rising to over $86 for the first time since early August, and West Texas Intermediate reaching $82. The trade and political tensions related to the US-Iran conflict are impacting global oil supplies and energy markets.

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