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WTI Crude Climbs Above $93 for Fourth Consecutive Day Amid Strait Tensions

GateNews
Commodities

Thursday, WTI crude futures climbed above $93 per barrel for the fourth consecutive trading day as the Strait of Hormuz remains under effective blockade. Iran has intensified control over the waterway, restricting nearly all international shipping and reportedly firing on commercial vessels this week, while the U.S. maintains port blockades on Iran. According to EIA data, U.S. refined product inventories declined, signaling strong domestic consumption and export demand.

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