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Oil prices hit three-week highs as Iran peace hopes fade

Cyprus Mail 18 August 2026, 11:10
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Oil prices hit three-week highs as Iran peace hopes fade
Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about energy supply. Iran will shift to a “fully offensive” military posture as […]