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 المدينة
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2026-08-27T07:53:00.000Z

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Oil prices slide on Strait tensions

Oil prices slide on Strait tensions

Oil prices declined today, continuing losses over several days amid expectations that upcoming talks could help ease supply disruptions through the Strait of Hormuz. Brent crude fell by 60 cents (0.7%) to reach $87.24 per barrel, while West Texas Intermediate also dropped by 56 cents (0.7%) to $81.67, marking their fifth consecutive day of losses.

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