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Oil Prices Bounce Back Following Reports of U.S. Strikes on Iran

Source: OilPrice.com · Nov 03, 2026 05:25 UTC

The Quick Take

After shedding 7% yesterday, crude oil prices inched up earlier today following a Wall Street Journal report about a U.S. strike on Iran’s Qeshm Island. Brent crude traded at $105.26 per barrel at the time of writing, and West Texas Intermediate traded at $97.07 per barrel, after the WSJ cited unnamed U.S. officials as saying Iran’s Qeshm Island became a target in what they said was the latest in

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