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Oil prices rise as Iran keeps Strait of Hormuz closed

Key Points Iran says it will keep the Strait of Hormuz closed until the United States fulfils conditions under their June memorandum Brent crude rises to around $91.72 per barrel while West Texas Intermediate (WTI) trades at $84.71 A reported 3.3-million-barrel fall in US crude inventories adds to concerns over tightening supply !-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->…

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