India, Aug. 21 -- Crude oil prices have edged higher on Friday, extending five sessions of gains, as expectations of a U.S.-Iran deal sank after the U.S. announced economic measures to isolate Iran, leaving the Strait of Hormuz closed and heightening supply concerns.
WTI Crude Oil for October month delivery was last seen trading up by $0.44 (or 0.51%) at $87.27 per barrel.
Yesterday, U.S. President Donald Trump announced crushing economic measures against Iran on a scale never seen before with an aim to isolate Iran. Trump also warned that any nation supporting Iran would face similar consequences.
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