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Oil Holds Gain as Iran Seeks Hormuz Control Before Talks With US

Oil Holds Gain as Iran Seeks Hormuz Control Before Talks With US
Bloomberg Markets Monday 29 June 2026, 22:01 UTC By Rong Wei Neo 1 min read
Key Points

Oil Holds Gain as Iran Seeks Hormuz Control Before Talks With US Oil held an advance, as a top Iranian official reiterated the country’s determination to maintain control over the Strait of Hormuz before fresh peace talks with the US. West Texas Intermediate traded near $70 a barrel, after adding 2.2% on Monday, while Brent closed near $73. Iran will move forward with its own plans to oversee traffic through Hormuz “if for any reason Oman is not interested in doing so” jointly, Deputy...

Oil Holds Gain as Iran Seeks Hormuz Control Before Talks With US Oil held an advance, as a top Iranian official reiterated the country’s determination to maintain control over the Strait of Hormuz before fresh peace talks with the US. West Texas Intermediate traded near $70 a barrel, after adding 2.2% on Monday, while Brent closed near $73. Iran will move forward with its own plans to oversee traffic through Hormuz “if for any reason Oman is not interested in doing so” jointly, Deputy Foreign Minister Kazem Gharibabadi said to state television.
Oil Holds Gain (ORG) Iran (LOCATION) Iranian (ORG) the Strait of Hormuz (LOCATION) US (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) Hormuz (LOCATION) Oman (LOCATION) Kazem Gharibabadi (PERSON)
Originally published by Bloomberg Markets Read original →

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