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Oil prices slip as Middle East export recovery meets Iran uncertainty

Brent for November delivery fell 1.5% to $103.72 per barrel, while WTI for October slid 2.2% to $90.62 as investors balanced export signals with risks around the Iran conflict.

Reported · Written up by our desk · Energy

Oil prices fell on Tuesday after recent gains reversed, as traders weighed signs of Middle Eastern export recovery against uncertainty about the fate of the Iran war, OilPrice reported.

Brent crude for November delivery dropped 1.5% to trade at $103.72 per barrel by 1.10 pm ET, while WTI crude for October delivery fell 2.2% to $90.62 per barrel.

The outlet said crude exports from the region climbed, but the market reaction reflected continued concerns tied to how the Iran situation could unfold.

Latest closeWTI crude $93.42 ▲1.1%|Brent $98.85 ▼5.2%

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