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Oil prices rebound ahead of US-Iran talks

Oil prices rose after four sessions of losses as investors awaited potential US and Iran talks at the United Nations. Supply disruptions in Libya and Middle East tensions also supported the market despite recovering exports.

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FILE PHOTO: A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 28, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil climbed $1.29 to $101.63 a barrel on Tuesday morning following four consecutive sessions of losses. The rebound came as traders awaited potential diplomatic talks between the United States and Iran at the United Nations General Assembly.
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