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Home Business

Oil Steadies at End of Volatile Week as US and Iran Keep Talking

GenevaTimes by GenevaTimes
July 10, 2026
in Business
Reading Time: 1 min read
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US Central Command said “Iran does not control the Strait of Hormuz,” according to a post on X. Since May, American forces helped more than 800 vessels transit the waterway, it added. The conduit links Gulf producers to global markets, and its standing has been one of the major sticking points in the US-Iran war, with Tehran seeking to exercise greater control over traffic.

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