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

Summary by Times of India
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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Barchart.com broke the news in Chicago, United States on Friday, August 28, 2026.
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