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TODAY'S MARKET INTELLIGENCE

Escalating Mine Warfare and Island Standoff: Oil Remains Rangebound Amid US-Iran Balance

Published: 2026-09-01 16:03:00Category: financeHeat: 72

English summary

During the Asian-European session on Tuesday, international oil prices continued to rise, with WTI crude up 1.5% to around $87. The US-Iran geopolitical game in the Strait of Hormuz escalated, with Iran deploying military assets on Larak Island, US airstrikes on its positions, and Iranian missile retaliation intercepted. The market expects crude oil to remain in a wide range in the short term.

The English text is machine translated and may require verification against the Chinese version.

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