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News 2026-07-14 12:38 UTC

Oil Extends Rally as US-Iran Fighting Threatens Persian Gulf Supply

() -- Oil rose for a second day early Tuesday as renewed fighting between the US and Iran again threatens to keep Persian Gulf supply off the market. West Texas Intermediate crude oil for August delivery was last seen up $1.66, or 2.1%, to $79.80 per barrel, the highest since June 15, while September Brent oil was up $