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Wednesday, July 22, 2026

Oil surges past $95 as U.S. downplays Iran diplomacy and a 2nd key trade route is disrupted

The international benchmark Brent crude rose almost 5% to more than $95 per barrel for the first time in almost six weeks. The price of oil surged nearly 5% Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption …

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