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Oil Edges Higher as Middle East Tensions Linger: Markets Wrap

August 16, 2026 at 10:14 PM

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Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday.

Oil opened slightly higher as traders weighed renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran ahead of the formal end of the ceasefire due Monday.

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