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Oil Shrugs Off Persian Gulf Tensions, Maintains Slide

Jul.18 -- Ashley Petersen, senior oil market analyst at Stratas Advisors, talks with Bloomberg's Alix Steel about how the oil market is affected by the recent headlines in the Persian Gulf. Tensions between Washington and Tehran remain high over a spate of attacks on cargo ships, the downing of drones and the British seizure of a tanker carrying Iranian oil. Earlier in the day, the U.S. condemned Iranian naval activity and demanded that the Islamic Republic release a small tanker and its crew that its forces seized this week.

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