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US White House

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Large industrial storage tanks with a green walkway under a clear blue sky.
FORECASTSAUG 5, 2026
WTI Crude Oil Selloff Deepens as Iran-US Talks Keep Traders on Edge
WTI crude oil has moved sharply lower as traders react to signs of possible progress in Iran-US negotiations. Yet high open interest, Middle East uncertainty, and recent intraday reversals suggest the selloff may not be a simple one-way trade.