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Tuesday, February 3, 2026

Strait of Hormuz in the Crosshairs of Israel–Iran Conflict—Will Oil Hit $100?

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Crude oil prices have retreated since President Donald Trump delayed a decision on helping Israel destroy Iran’s nuclear program.

At a June 19 press briefing, White House press secretary Karoline Leavitt, reading a statement from the president, said a decision would be made within two weeks.

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