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Line chart showing Brent crude oil prices rising to 89.76 dollars a barrel amid renewed Strait of Hormuz tensions.

Brent crude traded near $89.76 Tuesday, up 2.3 percent, after President Trump said Iran must pay compensation before Strait of Hormuz talks can resume. Iran is demanding an end to the US naval blockade, sanctions relief and war-damage payments in return, leaving both sides with conditions the other rejects. A tanker attack in the strait and a separate strike on a Saudi refinery widened the standoff over the weekend, even as Iran and Oman separately edge toward a narrower shipping-corridor deal.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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