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MARKET WATCH: Oil prices swing up, down on US-Iran tensions
Oil & Gas Journal: Light, sweet crude oil prices fluctuated between gains and losses on the New York market July 23. The September contract closed lower but the October contract closed higher following an exchange of threats between US President Donald Trump and Iranian President Hassan Rouhani.
Trump has vowed to impose strict sanctions on Iran. In May, he announced a US exit from an international agreement to lift economic sanctions in exchange for Iran’s cooperation on its nuclear program.
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