Oil prices hold above $100 as Iran seizes ships in Strait of Hormuz and peace talks stall [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
remained deadlocked, even as Asian stock markets tracked Wall Street to record highs on strong corporate earnings. Brent crude fell 15 cents to $101.76 a barrel after settling above $100 for the first time in more than two weeks on Wednesday, when both benchmarks closed more than $3 higher following larger-than-expected draws in US gasoline and distillate stocks and a lack of progress on negotiations. West Texas Intermediate slipped 14 cents to $92.82. Iran seized two container ships seeking to exit the Gulf via the strait on Wednesday, tightening its grip on the waterway through which around a fifth of daily global oil and liquefied natural gas supplies flowed before the war began in late February. Donald Trump extended the ceasefire on Tuesday following a request from Pakistani mediators but has maintained the US Navy blockade of Iran 's ports, and Iranian parliament speaker and top negotiator Mohammad Baqer Qalibaf said a full ceasefire only made sense if the blockade was lif
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News
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