Global oil markets are tracking losses for a second consecutive week, with traders adjusting expectations following reports that the Trump administration intends to maintain its stringent blockade against Iran. The confirmation that sanctions and restrictive measures will persist has intensified bearish sentiment across crude benchmarks, as investors weigh the implications of continued pressure on Tehran’s energy exports. With geopolitical constraints remaining in place, market participants are bracing for further volatility as supply dynamics and regional stability continue to shape pricing.
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