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2021-08-02
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Oil Opens Week Steady as Traders Weigh Demand, Iranian Tensions
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In the U.S., Anthony Fauci, the nation’s top infectious disease doctor, said Covid-19 vaccines work extremely well and that a return to the lockdowns of 2020 is unlikely, boosting the outlook for energy consumption.</p>\n<p><img src=\"https://static.tigerbbs.com/be78f8416811ea22f54036155acf6b1d\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Traders were also monitoring an uptick in tensions betweenIran and the U.S.Washington has formally blamed Tehran for a deadly attack on an Israel-linked oil tanker off Oman, warning of an “appropriate response”. The standoff comes as the two nations are seeking to revive a nuclear accord that, if successful, may pave the way for an end to U.S. sanctions on Iranian oil flows.</p>\n<p>Oil has soared this year -- rising every month apart from March -- as the global economic recovery from the pandemic stoked consumption. 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