GLOBEALERT
BUSINESSELEVATEDAug 18 · Aug 18, 2026, 6:15 AM

Oil climbs as fading US - Iran peace hopes raise supply risks

businesstimes.com.sg · Singapore

Oil prices are rising due to diminishing hopes for peace between the US and Iran, which is increasing concerns about oil supply risks. This development signals potential instability in the global energy market influenced by geopolitical factors.

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