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Oil is trading higher after the U.S. and Iran's 60-day ceasefire and negotiations MoU lapsed without further steps and an IRGC political officer said on TV that Iran's actions may assume "an offensive aspect." Also, Yemen's Houthi rebels claimed an attack on a Saudi military landing ship and patrol boats in the Red Sea, underscoring the risk to marine transport on the east side of the Arabian Peninsula.
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- Aug 17, 2026, 5:29 PM
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- Aug 17, 2026, 5:29 PM
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