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Line chart showing WTI crude oil jumping on an Iran rejection then falling on a called-off strike.

WTI crude has round-tripped repeatedly over the past month on dueling Iran headlines, with two moves standing out on this chart. Crude jumped July 29 after Iran rejected an Oman-brokered oversight proposal for the Strait of Hormuz, then fell again August 2 and 3 after President Trump said a planned strike had been called off in favor of talks. Tuesday's price sits closer to the high end of that range.

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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