The world oil market is in turmoil due to the Iran-US conflict. On the one hand, the mercury of military tension is rising, on the other hand, traders are worried about the closure of the Strait of Hormuz. In such a situation, analysts are observing a kind of ‘uturn’ in the recent position of US President Donald Trump. The sudden announcement of talks despite the threat of attacks is seen as a result of huge pressure on the oil market. details
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