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Business

Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran

CNBC · August 21, 2026 at 4:55 AM

Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

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