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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?

Oil prices were little changed on Friday but remained on track for a second straight weekly gain as the deadlock in the U.S.-Iran war continued to disrupt oil supplies from the key Middle East producing region.

An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. President Donald Trump also threatened economic retaliation against countries supporting Iran.

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