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The Independent UK

Business

Stuti Mishra

Oil prices hold near $100 as Trump extends Iran ceasefire but keeps blockade in place

Iran Donald Trump Oil United States Hormuz European Union

Oil prices held near $100 a barrel on Wednesday after US president Donald Trump announced an indefinite extension of the ceasefire with Iran just hours before it was due to expire.

The Strait of Hormuz remained closed and it was unclear whether Iran or Israel had agreed to the new arrangement.

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