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Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

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August 28, 2026
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Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India’s MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.

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