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Brent crude was edging closer to $110 on Tuesday morning.
Brent crude oil prices approached $110 after renewed uncertainty in Middle East peace talks.
KEY POINTS
- Iran proposed opening the Strait of Hormuz before resuming nuclear negotiations, a stance Trump opposes.
- The US seized two Iranian-linked tankers, intensifying concerns over ongoing hostilities in the region.
- China and Russia vetoed a Bahrain-backed UN resolution seeking to protect navigation in the Strait of Hormuz.
COMPANIES
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