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Brent Oil Futures Once Bounce Back to USD120/ Barrel on Concerns Over Prolonged US Blockade on Iran
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International oil prices continued to head higher this morning (30th) amid signs that the US will impose a long-term blockade on Iranian exports and the nuclear talks deadlock. Brent oil futures for June delivery once climbed to a peak of USD120.34. They were last at USD119.53, up 1.27%, while New York oil futures for June delivery last printed at USD106.91. Previously, rumors said US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz. In other words, the US will continue its maritime blockade against Iran before a broader nuclear agreement is reached. Auto-translated by AI AASTOCKS Financial News |
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