August 18, 2026 8:16 PM

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Oil prices up for third consecutive session amid uncertainity over US & Iran peace deal

Global crude oil prices rose for the third consecutive session today, amid uncertainty over a potential peace deal between the US and Iran. Brent crude was trading half a per cent up at 91 US dollars and 36 cents per barrel in intra-day trade. West Texas Intermediate crude was trading 0.7 per cent up at 85 US dollars and seven cents per barrel, when reports last came in.

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