Latest Oil Market News and Analysis for Sept. 8

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AI Summary

Oil prices extended gains amid reports of an Iranian deal with Oman aimed at managing shipping through the Strait of Hormuz. This agreement could increase Tehran's control over this critical waterway, potentially impacting global oil supply and shipping routes.

Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the crucial waterway.

World Politics Markets Deals Commodities Energy Shipping oil prices Iran Oman Strait of Hormuz shipping energy market Tehran deal

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