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Trump postponed a decision on striking Iran, easing concerns about escalating the situation

Traders and analysts are still closely watching actions in the Strait of Hormuz and Iran, and geopolitical uncertainty continues to drive bullish sentiment in crude oil markets ahead of Trump's final decision in the coming weeks. Oil prices remained stable as Trump postponed a decision on striking Iran, easing concerns about an immediate escalation. WTI crude remained at around US$74, Brent crude was close to US$79, and the market was still considering the risk premium posed by rising tensions in the Middle East. Earlier, the White House said on the Iran issue that Trump would decide whether to attack Iran within two weeks.

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